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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (49924)	11/1/2012 10:11:31 PM
From: Spekulatius	Read Replies (1) of 78729

Re WU - I am not sure the recent hammering of WU is ridiculous. This is one of the cases where I don't know how strong the structural headwinds for WU's business model are. We have discussed this in the past and I am surprised that nobody had come up with a better mousetrap. WU had two quarters of pretty significant revenue deceleration and while the slow economy plays a role, I don't think it is the main reason for the slower business (and neither does their management , since they have started to react to the thread). My main concern is that WU's bricks and mortar approach may be replaced by a simpler, cheaper way to move money, which nowadays is just a electronic transaction in most cases (or at least it could be one). For me at least, it's to hard to tell and I will avoid the stock for the time being. My track record with turnaround situation where structural issues dominate has been abysmal, so I am trying to avoid these, at least until I understand the situation better. Just like in Baseball, I don't have to swing at every pitch that is thrown at me.

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