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Non-Tech
First USA Paymentech (NYSE:PTI)
An SI Board Since September 1997
Posts SubjectMarks Bans Symbol
18 0 0 PTI
Emcee:  Quick Bucks Type:  Unmoderated
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
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18 Man I check in to see how things are ahnging and someones ambushed us all..... Peter R Smith-3/26/1999
17 FDC bids $25.50 per share for the 45% of PTI in public hands .. ONE will continTriffin-3/24/1999
16 Talking to myself again.. earnings today 0.21 vs 0.19 every transaction is worTriffin-1/21/1999
15 PTI...apparently still unknown...now @ 23.. Jim in CT Triffin-1/21/1999
14 Good call, Peter. This is the best UNKNOWN internet stock on the planet. WellBostonView-12/30/1998
13 Anyone home? PTI stuck out like a sore thumb today...both options and common wBostonView-6/12/1998
12 Greetings thread: Stock has been trading lower on small volume. Looks like it hDavid Jones-5/14/1998
11 This stock could become an Internet stock real soon. (EOM)Peter R Smith-4/22/1998
10 What a quiet thread. I am not a shareholder but though I'd liven things upEmec-3/26/1998
9 This is the article I read. Hope it help. HOW DID IT FIND TROUBLE? Restating eDennis Wang-12/16/1997
8 December 3 WSJ Insider Trading Spotlight Biggest Individual Trades Paymentech Edmund Puches-12/4/1997
7 I believe it will move up to 23-24 and since next Q usualy are good Q (Holiday)Dennis Wang-10/4/1997
6 Stock is moving up a bit on no news? Hmm, could this be the start of the rebouQuick Bucks-10/2/1997
5 He didn't but look at chart. Your numbers may be real good. Off topic: Chunk-9/29/1997
4 NEWS ALERT: iCat, First USA Paymentech, and CyberCash Partner to Offer One-StopQuick Bucks-9/29/1997
3 Credit Processing is the future of money transaction. This company is the thirdDennis Wang-9/26/1997
2 So what target price did your bro recommend and when? tnx, QB PS thanks for rQuick Bucks-9/26/1997
1 QB: I bought today based on my stock brokers advise. The only other advise heChunk-9/25/1997
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