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The Western Union Company Message Board

  • redheadinvestor@ymail.com redheadinvestor Oct 3, 2013 12:00 PM Flag

    MoneyGram sale faceplant

    Thoughts?

    I read another article touting Xoom as the wave of the future because of its roughly $100 M in annual digital revenue... ...same article dissed Western Union because "only 4%" of its revenues were digital... ...of course, that's about $200-240 M, making WU *digital* (by itself) 2 to 3 times the size of (all of) Xoom. It's amazing how analysts lie with numbers. :-)

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    • redheadinvestor@ymail.com redheadinvestor Oct 3, 2013 1:22 PM Flag

      I saw the MGI sale not as indicative of industry trends but as something of a baldfaced attempt by Goldman and the PE shop to see if they could get another PE shop to overpay and liquidate their bad investment (which I think is back below breakeven for them, given where MGI is now trading).

 
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