Western Union WU

September 10, 2017 - 8:30am EST by

member

						2017	2018
Price:		18.70		EPS		1.85	1.95
Shares Out. (in M):		472		P/E		10.1	9.6
Market Cap (in $M):		8,826		P/FCF		9.9	9.8
Net Debt (in $M):		2,718		EBIT		1,116	1,130
TEV (in $M):		11,544		TEV/EBIT		10.3	10.2

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8	member 8/07/22 11:37PM capital allocation
Excellent write-up - thank you! Any thoughts on why the company isn't buying back stock more aggressively, given their current net cash balance and ability to lever up a bit? Would you rather see them view available tags
7	member 6/23/22 2:12PM Re: Re: Re: Re: Re: IMXI 5
I'm not sure what to tell you. General logic would dictate that someone who had just been caught acting poorly (MGI) would be under ongoing scrutinty than an actor with no violations, and that actors... login to read the rest 2 view available tags
6	member 6/23/22 8:52AM Re: Re: Re: Re: Re: IMXI 5
Factual evidence? To quote you: "My understanding is", "I also heard through the grapevine", "I am just relaying what I heard", and "I have heard". When you don't cite a source and throw out claims about... login to read the rest 1 view available tags
5	member 6/22/22 10:10PM Re: Re: Re: Re: IMXI 4
Hi - not sure where this "perceived narrative" claim comes from. I don't have an agenda here. I was long MGI but sold after they announced their merger agreement. Frankly, I'm still salty about the... login to read the rest 1 view available tags
4	member 6/22/22 5:56PM Re: Re: Re: IMXI 3
"it might be worth checking with IMXI mgmt that they aren't at risk for something similar." Yeah, I would suggest you talk to them and ask. The answer might surprise you because you seem to be... login to read the rest 2 view available tags
3	member 6/22/22 5:36PM Re: Re: IMXI 2
Just to clarify - I said relatively lax because by definition Moneygram has the tightest compliance (whether they were forced to or not is irrelevant imo bc ultimately it reduces operational risk). I also heard through... login to read the rest view available tags
2	member 6/22/22 2:17PM Re: IMXI 1
Don't want to step on the author's toes, but as a starting point I think it's important to point out that Moneygram only implemented "tight compliance" because they were forced to by regulators. We have... login to read the rest 1 view available tags
1	member 6/22/22 11:13AM IMXI
Loved the write-up! Agree this is a chronically underappreciated industry. Would add that remittances were outpacing FDI in EM's pre-COVID. Additionally, the impact of the energy and food price shocks are magnified in EM's who rely... login to read the rest view available tags

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