% | $
Quotes you view appear here for quick access.

VeriFone Systems, Inc. Message Board

  • citiccgirl citiccgirl Jul 10, 2014 11:57 AM Flag

    PAY Piper thinks EBAY may buy it...Cramer thinks a lot of companies may buy PAY

    News Breaks

    July 10, 2014

    06:00 EDT PAY
    theflyonthewall eBay repatriated cash likely to be used for M&A, says Piper Jaffray
    Piper Jaffray believes a large part of the $9B in cash eBay expects to repatriate to the U.S. will be used for acquisitions in the payments space. The cash, equating to $6B net of taxes, could help eBay take advantage of the shift to mobile payments, the firm says. Piper lists Square, VeriFone (PAY), iZettle and Corduro as companies in the payment space that are within acquisition range for eBay. The firm has an Overweight rating on eBay with a $63 price target.

    Cramer PAY

    My Favorite Point-of-Sale Stocks
    Jim Cramer
    | Jul 7, 2014 | 3:00 PM EDT

    "I have felt that VeriFone (PAY), if it ever got its act together, could be a logical fit for anyone trying to establish dominance at the retail register. That time has come and Verifone stands right in the middle of an important upgrade cycle for electronic payments that has been shown to stop fraud rather dramatically. All the major credit companies are behind EMV, the embedded chip system, and a survey by NXP Semiconductors (NXPI) released last week shows that the consumer is at last ready for them both and the bank and the retail level. As long as Verifone had some accounting issues it was pretty much out of the question to be able to buy this company. That's no longer the case. Seventy percent of all U.S. credit cards should have this technology by 2015. I think Verifone is in the sweet spot because of its knowledge of EMV technology

    Remember, I like to win both ways, fundamentals and takeovers."

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
19.31-0.16(-0.82%)Aug 24 4:02 PMEDT