- Large moat that will get bigger as the company grows.
- Low capital requirements.
- High growth business (>20%) that is scalable with no debt.
- Tax credit lowers the effective P/FCF to ~14x.
Blackhawk Network Holdings Inc is engaged in providing prepaid payment & financial payment products. It offers gift cards, prepaid products, telecom & debit cards in physical & electronic forms and payment services in the United States & other countries.