FLT (Update)
Fleetcor Technologies Inc.
Finance/Real Estate, Industrial/Transportation
11/24/2014
Presented
| Date | 11/20/2014 |
| Price | $155.08 |
| Market Cap | $13.00B |
| Ent Value | $14.05B |
| P/E Ratio | 37.63x |
| Book Value | $18.60 |
| Div Yield | N/A |
| Shares O/S | 83.83M |
| Ave Daily Vol | 740,000 |
| Short Int | 1.39% |
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 is an update to Long – FleetCor Technologies Inc (FLT), which was originally presented on August 19, 2014 ($148.60).
Publicly traded companies mentioned herein: Fidelity National Financial Inc (FNF), FleetCor Technologies Inc (FLT)
Highlights
The presenter remains long shares of FleetCor Technologies (FLT), which just completed the acquisition of Comdata from Fidelity National Financial’s Ceridian. He reminded the group that FNF is taking cash, stock and a board seat as per the deal, and added that FLT has the best management team in a highly fragmented market.
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