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Strategies & Market Trends : Value Investing

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From: Paul Senior6/2/2010 12:31:59 AM
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OT: Started a tracking position in Western Union.
WU is the premier company in the money transfer business. And its business certainly has been/will be affected by immigration (USA) issues, joblessness, smaller worker paychecks.
WU's short history since spin out from First Data indicates it's somewhat shareholder friendly: There've been on-going stock buybacks and a small dividend. At trailing p/e now of 13 and with stock near 12-mo low, I'll take a few shares. I can't justify it to myself as a value stock though.

reuters.com
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