GDOT
Green Dot Corporation
Finance/Real Estate
11/06/2014
Presented
| Date | 10/29/2014 |
| Price | $22.17 |
| Market Cap | $1.03B |
| Ent Value | $0.26B |
| P/E Ratio | 16.89x |
| Book Value | $12.30 |
| Div Yield | N/A |
| Shares O/S | 46.42M |
| Ave Daily Vol | 420,000 |
| Short Int | 7.17% |
Current
| Price | $11.35 |
| Market Cap | $0.61B |
| Green Dot Corporation, together with its subsidiaries, operates as a technology-centric, pro-consumer bank holding company that provides personal banking for the masses. It offers prepaid debit card products and prepaid card reloading services in the United States, as well as mobile banking services with its GoBank mobile bank account offering. The company’s products include Green Dot MasterCard, Visa-branded prepaid debit cards, and various co-branded reloadable prepaid card programs; Visa-branded gift cards; and MoneyPak and swipe reload proprietary products, which enable cash loading and transfer services through its Green Dot Network. Its Green Dot Network enables consumers to use cash to reload its prepaid debit cards or to transfer cash to any of the company’s Green Dot Network acceptance members, including competing prepaid card programs and other online accounts. The company markets its cards and financial services to banked, underbanked, and unbanked consumers. Green Dot Corporation offers its products to consumers at approximately 90,000 retailers, as well as online and via the app stores. The company was formerly known as Next Estate Communications, Inc. and changed its name to Green Dot Corporation in October 2005. Green Dot Corporation was incorporated in 1999 and is headquartered in Pasadena, California. |
Presented by: Jeff Osher, Portfolio Manager, Harvest Capital Strategies at The Excellence in Investing: San Francisco conference
Publicly traded companies mentioned herein: American Express (AXP), Green Dot Corporation (GDOT), JPMorgan Chase & Co (JPM), Total System Services, Inc (TSS), Wal-Mart Stores Inc (WMT)
Highlights
The way Mr. Osher began his presentation on Green Dot (GDOT) gave the audience hope that there would be a short idea discussed at this year’s conference; however, given Osher’s investment style he is drawn to companies with perception gaps. He believes GDOT is nearing an inflection point, and that Street estimates for 2015 are materially off (too low). He is long the stock and sees the potential for the company to beat estimates and raise guidance over the next 4-6 quarters, which could result in 80-90% upside within 6-12 months (assuming his timing and analysis are correct).
◆Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.
◆Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.