I'm surprised there isn't a thread here on SI on NYSE:PTI. Well, let's start one. First off, First USA Paymentech is the third largest payment processor of merchant credit card transactions in the United States. Not only are they a CC payment processor, I think they are involved in some high tech developments in terms of electronic transactions/payments (i.e. smart cards in future).
The stock took a big hit today (b/c it had to restate it's last year Q4 and annual reports). Also the CFO resigned (for personal reasons) and to make matters worse, Q1 of next year will be below estimates.
Nevertheless, this company looks strong on the books, it's now trading at less than 2 times stock price to book. Perhaps there is a rebound about to happen. 52wk high is 42, 52lo is NOW about $16-17. By any accounts this stock may be undervalued. It IPO'd in March 96 at $21, so can't go wrong ;)
My target guesstimates (just pulled out of the hat): 3 month target $25, 6 month target $33.4375, 12 month target $57.625.
Please feel free to participate in this thread. I have only begun to research the company yesterday. Will be calling IR later, and will post results.
Happy investing,
QB |
