META FINANCIAL GROUP INC CASH W

March 25, 2010 - 4:59pm EST by

member

						2010	2011
Price:		23.40		EPS		-$0.56	$2.32
Shares Out. (in M):		3		P/E		0.0x	10.0x
Market Cap (in $M):		72		P/FCF		0.0x	0.0x
Net Debt (in $M):		10		EBIT		0	0
TEV (in $M):		82		TEV/EBIT		0.0x	0.0x

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12	member 8/12/10 6:53PM Great June results
CASH reported strong June earnings (fiscal Q3) of $1.11. Revenue was up 15% while expenses were up only 1%, demonstrating nice operating leverage. Credit quality improved with NPAs falling from $10.3M to $7.3M. Stock has moved up to... login to read the rest view available tags
11	member 5/13/10 6:38PM Strong March earnings
The first quarter results were excellent. They reported $1.74 of EPS, including $0.15 of severance expenses. Also, only part of the $5M in annual run-rate savings from the restructuring were in the quarters results. You could... login to read the rest view available tags
10	member 4/07/10 11:25AM RE: Questions 9
David, #1 For my modeling, I am modeling MPS and the traditional bank segments separately and summing them up. To get to $4, I am modeling about 16% in fee revenue growth in MPS in 2010 and... login to read the rest view available tags
9	member 3/31/10 11:18PM Questions
Skyhawk, I like the premise of the business and have some questions. 1. Earnings - Can you provide some explanation of how they can earn $4/sh in 2011? 2. How seasonal are the deposits? 3. What kind of moat... login to read the rest view available tags
8	member 3/31/10 1:22AM NetSpend, CashAmerica 7
Sky, Any insight into why Netspend and CashAmerica are already filing to blow out of their stake? Considering that both are strategic partners, I was surprised to see them try to potentially exit this quickly. Also, how... login to read the rest view available tags
7	member 3/30/10 5:24PM WalMart 6
Xanadu, Meta actually does the WalMart prepaid card program, certainly a testament to Meta's ability to work with some of the largest corporations in the world. view available tags
6	member 3/29/10 5:17PM RE: Quick question 3
Xanadu, It wasn't an accounting restatement, but they did have to delay their 10Q filing because their previous auditor (McGladrey and Pullen) declined to review the financial statements because they had a relationship with H&R Block,... login to read the rest view available tags
4	member 3/25/10 9:56PM Payments biz
MPS (Payments) is the engine that is driving CASH. Think of MPS as a generator of zero-cost (or less) deposits for the bank and growing those deposits at a rapid rate of growth. Much like... login to read the rest view available tags

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