Seeking Alpha

MoneyGram not done selling off

  • Don't buy the dip in MoneyGram (MGI -13.1%), advises JMP Securities
  • The view from the investment firm is that close to a third of the payment services company's pre-tax earnings are at risk due to Wal-Mart's new money transfer service.
  • Shares of MGI are tracking toward recording a second consecutive double-digit decline.
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