With the strong growth in the past two quarters, with Bitcoin now receiving more negative press as the crashing hobby of demented techno-fanboys rather than positive press as the responsible and reliable payments wave of the future, and with the Fed tapering and the market no longer responding negatively, I'm optimistic that Western Union shares will in the fairly near term go back to where they were before the last CC.
The new year is near and the economy is relatively speaking on the mend. Where's the money to be made in this name? The shares are already heavily shorted. The multiple is below 12 and well short of the index multiple. The doom narrative isn't playing out and fake rumors of demise can only last so long in the face of performance. Are there a lot of cheap stocks left? Profit isn't in question and next guidance is likelier to be upward rather than downward. The dividend is sustainable, and since the buyback is over, what else would they even do with the cash? Sit on it? Why? From a credit quality perspective there is no need to do that - we know that from the analyst report itself.