Been working mostly in Algeria for past 2 years, before that was in Cameroon, Nigeria, & Liberia, for last decade. Anyway that is where I got interested in Western Union. You see it quite a bit in Africa. Now for why I speak to you. I work with a lot of Asian and Indian folks here. The Chineese guys are really giving me some good tips on Asian stocks to buy, as in what chineese consume and what to invest in.They are givin me very interesting leads, and some look to pay off big time. These guys are kind of helping me stear clear of scam chineese companies. Might look at some WU again, it's on my radar, but not high on my priorities. The chineese mentioned Yahoo to me, talked about aquisitions by Yahoo in China, said it was a good buy. That paid off big time! PS: US home is in Raleigh, NC, although I am almost never in the US, maybe 1 week a month at most.
If you worked in the developing world, and saw WU in action, why are you so negative about WU shares when they trade for less than 10X forward PE?
I'm not investing in China. YHOO on my radar screen too but the money I have in WU is staying there. As I've said before, the WU investment might not be the biggest possible winner, but the mix of upside potential and downside risk can't be beat. Besides, I'm already crushing the index. I expect that will continue.