Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Global Payments' Transformation Continues

Merchant acquiring isn't the most exciting business - truth be told, the entire acquiring / network / interchange system is probably boring to most people - but Global Payments (NYSE:GPN) has a lot of interesting drivers working right now. The company's transition away from ISOs and toward direct acquisition should be good for margins over time, and the company has an uncommonly strong position outside the U.S. With the company also embracing integrated payments, higher revenues and margins should also be in play down the line.

Global Payments' efforts haven't gone unnoticed. Since I last wrote, the shares are up about 20% on increasing bullishness over the company's efforts to expand into integrated offerings and speculation 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