So, I've been watching GDOT for a while now (from a distance), since before the massive drop from 23 to 9. I almost bought in after that drop but decided to wait it out. At this point I kind of wish I did atleast buy a little, but hindsight is 20-20. Lets talk future: Future looks bright to me. Am I wrong? I'm seeing 11/share in cash, a book value of 9. So price to cash and price to book are both very healthy ratios. I'm seeing positive free cash flow annually, thats always nice. I did not listen to the most recent post earnings call. Did management say what they are planning on doing with all this cash? Share repurchases perhaps? Possible acquisitions?
Im leaning towards picking some shares up tomorrow unless someone has a damn good reason why I should not. I am no expert on this company, but from a very broad standpoint it looks like a buy after this little 3% pull back. I appreciate any and all input, thanks!
I bought in at 14.36 about a 10 days ago. I think this company is well positioned going forward despite competition entering the prepaid card space. They now are a bank and are going after the young people that want to do all their finances on the smartphone including sending $ to friends thru social networks. I also like the fact that they will eventually be bought out by one of the bigs because they make money and are profitable.