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JPMorgan initiates coverage on MoneyGram (MGI) with a Neutral rating and $20 price target....

  • Wednesday, November 30, 2011, 8:45 AM ET
    JPMorgan initiates coverage on MoneyGram (MGI) with a Neutral rating and $20 price target. Analysts with the firm call for continued market share gains for MGI on the strength of "network effects from global expansion in agent locations, new products/partnership and share gains from informal channels."
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    As a shareholder in MGI for several years I have seen management wreck the value of my investment through dirty deals with the devils of Thomas Lee Associates and Goldman Sachs. The share value has been destroyed as the above-mentioned devils drained $200 million in cash from the company and added hundreds of millions more debt. Stay away from this company; they are losers whose path to oblivion is well marked.
    1 Dec 2011, 11:49 AM Reply Like
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