Detroit Bear
Deep value, special situations, long-term horizon, value

Will A New CEO Drive Success At Planet Payment?

Over the last several years, the payments space has exploded in investment, popularity, and even returns. The likes of Visa (NYSE:V), MasterCard (NYSE:MA), eBay's PayPal (NASDAQ:EBAY), American Express (NYSE:AXP), and Discover (NYSE:DFS) have seen their fortunes improve as consumers move towards electronic payments due to convenience and payment safety. We know how wonderful these businesses can be-Visa and MasterCard take on no credit risk, and simply collect a toll when consumers swipe their cards.

There are several portions of the payment industry, including networks like Visa and MasterCard, issuers like JP Morgan (NYSE:JPM) and Capital One (NYSE:COF), and then those that deal directly with businesses that...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details