Western Union Is Ready To Roll

| About: The Western (WU)

On December 4, The Wall Street Transcript interviewed John N. Thompson, Assistant Vice President of Ameritas Investment Advisors. A key excerpt with his newest stock pick follows:

TWST: What stocks have attracted you over the last year and what were the reasons that you found them attractive?

Mr. Thompson: Most recently, we have added a new company - Western Union (NYSE:WU). It is a spinoff of the First Data Corp. (NYSE:FDC), where it was a significant part of their operations. Western Union is receiving the benefit from foreign market exchange and transfer of monies. It's coming to market at a time when there is some uncertainty about the US border issues with Mexico, immigrants and how we are trying to limit or curtail some of the flow of funds back to Mexico. They offered the stock to investors, I think, at a pretty attractive price. We think the uncertainty there is more than fully priced into the stock. Going forward as some of those issues clear, we view it as an attractive opportunity.

WU 2-mo chart
WU 2 mo

About this article:

Tagged: , Personal Services, Interviews
Want to share your opinion on this article? Add a comment.
Disagree with this article? .
To report a factual error in this article, click here