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VeriFone Systems, Inc. Message Board

  • marketguru111 marketguru111 Dec 5, 2012 4:15 PM Flag

    HUGE NEWS DO NOT SELL

    Fortune magazine is on newsstands tomorrow with there top picks for 2013 , and PAY it one of the picks that was made on CNBC at 3:45 , Alot of people buy the top picks that are made late the year before. Look on Google for the video or you tube or CNBC , Maria Bartomaro was doing the interview , the stocke popped almost a quarter when they showed it on TV , then went down a bit with the late selling of the market. If we have good earnings next week 40 is reachable.

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    • Subsea, thanks, I saw it, I do think this could be a $40 stock (or higher) with that article but more importantly, with good earnings next week. What are your thoughts on earnings?

      • 2 Replies to greedorfear
      • I think earning will be good. The hurricane will have minimal effect as most of PAY's revenue is international. Also remember that PAY picked up 2 weeks of the London Olympics this quarter and it was a blowout, especially with the 6500 taxis outfitted with PAY terminals as well as PAY Media revenue. The euro was a lot stronger for this quarter also so FX loss should not be as bad. Posting for revenue this quarter should be recoup of Brazil following the fire, the Mexican, Lagos and Nigerian deals, and much Australian activity.
        What will be interesting are the numbers for Point and revenue from the Hypercom acquisition as this will be the first full year to #$%$ Hypercom.
        All I caqn say is that Point better come through with good numbers and evidence of expansion.

      • IMO earnings will be very good thats what i am basing the $40 price target on. The only thing that I'm a little worried about with all retailers and Pay for this quarter is the excuse of the storm Sandy , some businesses in the east were closed for 2 weeks because of power, so if no one was purchasing it could hurt #'s for the quarter,but if they have good guidance for next quarter we will get a nice lift IMO,I've held this stock for a long time and usually prior to earnings more buyers come in. We shall c.Good Luck

 
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