FLT
Fleetcor Technologies Inc.
Industrial/Transportation
08/22/2014
Presented
| Date | 08/19/2014 |
| Price | $148.60 |
| Market Cap | $12.40B |
| Ent Value | $13.54B |
| P/E Ratio | 35.88x |
| Book Value | $30.04 |
| Div Yield | N/A |
| Shares O/S | 83.25M |
| Ave Daily Vol | 630,000 |
| Short Int | 0.53% |
Current
| Price | $342.54 |
| Market Cap | $23.78B |
| FleetCor Technologies, Inc. provides fuel cards and workforce payment products and services in North America, Latin America, Europe, Australia, and New Zealand. It sells a range of customized fleet and lodging payment programs; and offers card products to purchase fuel, lodging, food, toll, transportation, and related products and services at participating locations. The company also offers telematics solution that allows fleet operators to monitor the capacity utilization and movement of vehicles and drivers; vehicle maintenance services; prepaid fuel and food vouchers, and cards to small, medium, and large businesses; and workforce payment product related to public transportation and toll vouchers. In addition, it provides proprietary equipment that reduces unauthorized and fraudulent transactions to over-the-road trucking fleets, shipping fleets, and other operators of heavily industrialized equipment, including sea-going vessels, mining equipment, agricultural equipment, and locomotives. Further, the company owns and operates proprietary closed-loop networks, such as fleet card, lodging, fueling location, fleet management telematics, fuel and food card and voucher, fuel control, maintenance and repair, toll, and distribution networks through which it electronically connects to merchants, and captures, analyzes, and reports customized information. Additionally, it uses third-party networks to deliver its payment programs and services; and provides a range of services, such as issuing and processing, as well as specialized information services. The company sells its products and services directly to businesses, commercial fleets, oil companies, petroleum marketers, and government entities. It has strategic relationships with oil companies, leasing companies, and petroleum marketers. FleetCor Technologies, Inc. was founded in 1986 and is headquartered in Norcross, Georgia. |
Please note, this idea was updated on 11/20/2014 and can be read here: Long – FleetCor Technologies Inc (FLT).
Publicly traded companies mentioned herein: FleetCor Technologies Inc (FLT), Fidelity National Financial, Inc. (NYSE:FNF), Fidelity National Financial Ventures (NYSE:FNFV)
Highlights
The presenter is long shares of FleetCor (FLT) and believes the recently announced, $3.45 billion acquisition of Comdata is a “game-changer.” FLT operates in a highly fragmented industry and can leverage its size and scale to roll up smaller logistics-focused businesses. He expects the company to earn over $10.00 per share in 2016, as annual earnings could grow 30%+ for at least the next three years.
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