% | $
Quotes you view appear here for quick access.

The Western Union Company Message Board

  • redheadinvestor Oct 3, 2013 12:00 PM Flag

    MoneyGram sale faceplant


    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. :-)

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • 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).

18.61-0.77(-3.97%)Jun 24 4:03 PMEDT