New debit card rules will lead to profit explosion at SVU
New rules cap debit card fees and great for SVU as they have high volume and low margins. Small increase in margin magnified by their leverage. Earnings could be up 20% as a result. This is easily a $15 stock.
DEBIT cards may be an age thing? I am 58..have run my own business for 25+ years..have a debit card and only use it for Bank I.D purposes. My son, on the other hand...age 22 uses a debit card all the time. Of course, MY WIFE will use anything that makes a purchase go thru.... Fargo Dude