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Equifax Inc. (EFX)
NYSE - NYSE Delayed Price. Currency in USD
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Down despite very good numbers for the Q3. I think that the reason is that the numbers made it very clear how much the good report was the result of an extraordinarily hot mortgage market and big searches by firms rehiring. These good results may continue through the end of the year but will make for tougher comparisons going forward. I love this company for its very wide and deep moat, but it has a very high PER given probability of much smaller earnings gains next year.l
Going to tank down today after earnings, I’m out!
Yahoo Finance Insights
Equifax is up 5.84% to 158.83
In the SEC filing, Equifax noted that it faces more than 240 class-action lawsuits related to the breach, and is cooperating with investigations by all 50 states’ attorneys general and an alphabet soup of governmental agencies (SEC, FINRA, CFPB, FTC and FCA among them). In addition, the company has received subpoenas from the SEC and a U.S. Attorney’s Office in Georgia regarding stock sales by executives after the breach was discovered but before it was disclosed.
Charges equal to the low end of that estimate were accounted for in Equifax’s standard earnings number, which lives up to the U.S.’s Generally Accepted Accounting Principles, or GAAP, resulting in the $87.5 million total. However, the company stripped the charges from a non-GAAP earnings figure that it provided, which allows Equifax to claim that profits are growing even as it takes a hit from the data breach.
To help with the costs of all that, Equifax said in the filing that it has insurance specifically for cybersecurity-related instances, with a $7.5 million deductible. However, it admitted that it doesn’t know how much, or even if, that insurance policy will pay.
This means Bad News is coming ------ sell now before it is too late
The company has yet to announce a date for its third-quarter earnings and management's first conference call with Wall Street analysts since it disclosed the breach last month. That is a departure from its normal practice of scheduling earnings by mid-October.
I'm starting a social media campaign to call identify to the public any company that invests in EFX. I will make known any actively managed investment companies first. For anyone reading this who is employed by such a company you have until 1/1/2018 to divest of any interest in Equifax or its subsidiaries. If you run a passive index fund for any index containing EFX (e.g. S&P 500 fund) I'll give you a pass. EFX probably won't be an S&P 500 component much longer. Continue to hold EFX in your portfolios at your own peril. Your customers may decide to invest elsewhere when they find out about the choice you've made..
Yahoo Finance Insights
Equifax is up 4.92% to 148.82
How can I jump on the bandwagon of class action lawsuit?
Research their Balance Sheet
EFX net tangible assets are in the RED at a (-) $2.4 BILLION
I think the most destructive comment hurting the price of this stock occurred when the CEO answered a question before a congressional committee. He was asked if all your data encrypted?
His answer: I DO NOT KNOW.
A real vote of confidence for everyone!
Following the massive breach at Equifax revealed in September this year led to the loss of information on at least 145.5 million people, another massive leak linked directly to Equifax and friends. These are very valuable data fields, constituting the essential details of a core of 120 million American households.
Information on more than 120 million American households was sitting in a massive database found left exposed on the web earlier. It included an extraordinary range of personal details on residents, including addresses, ethnicity, interests and hobbies, income, right down to what kind of mortgage the house was under and how many children lived at the property. In total, there were 248 different data fields for each household, according to the researcher who uncovered the leak data this week.
It was simple to determine who the data was linked to, either by looking at the details or by crosschecking with previous leaks. The data was sitting in an Amazon Web Services storage "bucket," left open to anyone with an account, which are free to obtain.
As long as they knew the right URL to visit, an Amazon Web Services user could retrieve all the data, which was left online by marketing analytics company Alteryx. It was apparent that the firm had purchased the information from Experian, as part of a dataset called ConsumerView, on top of which Alteryx provides marketing and analytics services.
Vickery thinks the data was part of a product - the Alteryx Designer With Data - that sells for around $38,995 per license. In its own marketing for the Experian service, Alteryx notes that the database contains "consumer demographics, life event, direct response, property, and mortgage information for more than 235 million consumers."
Mario aka dos
No more volume....1/8th ....that can't be good, they're going to try tool some European investors...brace yourselves.
When are they reporting 2017 Q4 earnings? Should be this week right?
Does anybody know how to have personal credit information totally removed / deleted from Equifax?
I was just told today by an Equifax representative in the Philippines, that a correspondence mailed out from Equifax was a "computer system error". This company is reckless with our information.
Allow me to thank again to Equifax for handling our information so carelessly and making our life miserable. Moving between mobile operators required me to drive to the branch so they will have to identify me in person although my excellent credit. I wish to the new year to go chapter 11 or at loss substantial oration of your market value.
when is earnings?? seems sketchy they keep postponing, is this common?
The Equifax breach will cause more damage than any other data breach in world history. If the Social Security Administration had posted all of their data on a public website for download, the damage would not be as great as what Equifax has done. The Equifax breach includes not only SSN's but entire credit histories, associations with co-signers, drivers license numbers, address records, and much more. This is the apocalypse of all data breaches. A Hollywood writer couldn't come up with a worse scenario.
Any earnings yet on this piece of $hit?
Sad... Potentially ruin the lives of millions of Americans and all that happens is a temporary fall in stock prices and some lawsuits that probably wouldn't do much damage to the company in the long run. I'm still wondering why this company still exists.
Equifax nears 'historic' data breach settlement that could cost up to $3.5B
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