Darspal S Mann
Long/short equity, growth at reasonable price, special situations, deep value

MoneyGram: The Money Transfer Industry Is Changing Directions

MoneyGram International's (MGI) fundamentals seem to have turned around on many levels and the stock may follow soon. The changes at the corporate level are somewhat following the years of restructuring that the business, and the industry, has been undergoing. (click to enlarge) The declining cost of global funds transfer. Source: World Bank data Considering the history of the space, one cannot blame investors for taking a while to fully buy into the comeback. There is no dearth of problems faced by most of the players in the space. The macro outlook has been brutal, ever increasing competition, including an ever-increasing list of startups trying to work out new models to facilitate remittances, consistent price declines, increased currency ...
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