HPY, is still a growth story. Looking at the recent financials, the business has been growing in all metrics. The company is doing very well. All intrusion issues have been resolved with the major cards (Visa, Mastercard, AE, Discover) With all of this behind us, we are set to move much higher. The reason we are down today is that we reported $.10 below what the consensus estimate was. Although we didn't report the consensus, the highlights for the quarter are very nice. The smart money is adding at these levels. The company is poised for continued growth, as the economy transitions into a paperless one. Once we go paperless, HPY is perfectly situated to be the industry leader. Take advantage of this hit we are taking today, use this weakness to build your position.
That said, Guru is right, the breach is 99% behind Heartland. The last shoe to fall will be the government. They haven't announced what they intend to do yet. Typically that takes about 18-24 months post breach.