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FLEETCOR Technologies, Inc. (FLT)

NYSE - NYSE Delayed Price. Currency in USD
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236.04+0.60 (+0.25%)
At close: 4:00PM EDT

236.04 0.00 (0.00%)
After hours: 4:15PM EDT

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  • d
    dan
    Finally looks like this stock will start gaining back the lost value!!
    Bullish
  • F
    F
    Thinking if this pops above $320 again it might pay to start shorting in tiers, or
    buy some puts?

    Dont see this getting better in near term with lawsuit, etc.
  • D
    Droidboy
    "Run don't walk" Glassdoor review

    Current Employee - Anonymous Employee in Norcross, GA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    I have been working at FLEETCOR full-time for more than 5 years

    Pros

    Only a Paycheck for me.

    Cons

    Unethical business practices, hostel work environment that stems from the CEO down. The claims by Citron and in the FTC law suit of overcharging fee, hidden fees, penalty pricing, etc are all true. I have seen and heard it first hand. So many law suits filed by employees, even Sunshine City EMP. Retirement fund. No raises what do ever, the lack of capital put in to tech and infrastructure is beyond ridiculous. Servers that fail systems that are so layered they don't function. Profit goes to the CEO's salary, he buy' s a "Corp" jet PLEASE, Between the law suits and the CEO's rape, pillage, and plunder attitude the wheels will come off.

    Advice to Management

    Drain your swamp!
  • D
    D
    “Let me be clear. My bet would be that FleetCor is subject to an FTC order either through consent or litigation where FleetCor must pay a significant amount of money and be subject to a consent decree that alters the company’s billing and marketing practices.”

    – Former Director of the FTC’s Bureau of Consumer Protection

    FleetCor (FLT), the nation’s largest operator of fleet cards, has over the course of 10 years skillfully built a business based on deceiving small and medium sized businesses into paying excessive and erroneous fees. This cannot be disputed. What can be disputed is the legality of the business.

    The FleetCor business was best described in a recent Bloomberg article:

    “Consumer advocates and some former FleetCor executives say the firm is an embodiment of bare-knuckles, winner-takes-all capitalism, and takes advantage of smaller fish who have little recourse but to complain to regulators or undertake costly litigation.”

    .
    In her 35 years running a small business, Maria Kirk dealt with only one company that made her physically ill: fuel-card provider FleetCor Technologies Inc. and the thousands of dollars in fees it charged.
    In her 35 years running a small business, Maria Kirk dealt with only one company that made her physically ill: fuel-card provider FleetCor Technologies Inc. and the thousands of dollars in fees it charged.
    www.bloomberg.com
  • A
    Armando
    Drone Delivery Canada Corp.
    Great recent news video giving insight on the opportunities $FLT.V has in store.
    Bullish
  • F
    Farah
    Tony on Twitter 15 minutes ago: Drone Delivery Canada will be on @citynewstoronto tomorrow. Tune In. $FLT.CA $TAKOF
    #drone #dronedelivery #savinglives
  • M
    MMI
    As Citron points out the CEO of FleetCor (or as Citron says so eloquently, it's known as
    FleeceCor, amongst it's detractors) is amongst the highest compensated CEO's in the Entire World... and for a Co this size it doesn't make sense unless he's cheating the system in order to gain, which he probably is/has.
  • H
    H
    FLT is buying its own stock to keep the price stable.....
    Wait till the courtcase starts and the institutional investors dump this....
  • B
    Bo
    If revenue is already declining, what happens now with the lawsuit.
    Wont this impact revenue in the future?
  • W
    WatchTeslaHit50
    Moving up nicely, trying to figure out why?
    Company seems to have more than a couple headwinds.
  • k
    kevin
    Citron just released a report suggesting that FLT is under FTC investigation!
  • F
    F
    Fire Clarke and the rest of current management and start over.
  • B
    Bobo
    313.00 -15.85 (-4.82%) after hours
    Net income decreased 22%
  • O
    OddDayBasher
    Down to $310 after hours!
    Lost $18.85 per share?
    Crazy. This company is toast from
    lawsuits and reduced revenue.
  • A
    AllYouZombies
    FLT just paid out $50M for a class action lawsuit?
    and now there's a Federal case against them?
    Will that mean another class action suit is likely if the
    stock now goes down again?
    When will this stop, what is wrong with this management?
  • N
    N
    $305 bid 313 ask after hours
    Management has to go.
  • H
    H
    “Let me be clear. My bet would be that FleetCor is subject to an FTC order either through consent or litigation where FleetCor must pay a significant amount of money and be subject to a consent decree that alters the company’s billing and marketing
    “Let me be clear. My bet would be that FleetCor is subject to an FTC order either through consent or litigation where FleetCor must pay a significant amount of money and be subject to a consent decree that alters the company’s billing and marketing
    citronresearch.com
  • H
    H
    Buy Puts NOW
  • O
    OddDayBasher
    Problems go back prior to 2017 and management did nothing to correct them.
    No wonder the Feds are now getting involved.

    .
    Shares of FleetCor Technologies, Inc. (NYSE: FLT) plunged 5.7 percent Tuesday. While shares responded to a negative report by Citron Research, “we disagree with the thesis...
    Shares of FleetCor Technologies, Inc. (NYSE: FLT) plunged 5.7 percent Tuesday. While shares responded to a negative report by Citron Research, “we disagree with the thesis...
    www.benzinga.com