Visa or Master Card could be preparing a bid for this company
According to Piper Jaffray, its survery of 75 Wal-Mart stores have shown better activity for Green Dot’s (NYSE:GDOT) MoneyCard than predicted after it launched the American Express (NYSE:AXP) Bluebird card. The firm continues to believe that MoneyCard has begun to hold its own and it shows that three Green Dot insiders purchased stock during November. Piper keeps its Overweight rating on the stock. There are some rumors also on the floors, that Visa or Mastercard are interested in the entire business of this company. Lot of cash and No debt.