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Western Union (WU) is gaining momentum

Source: http://thestockmasters.com/article-WU-06232008.html
Posted on Monday, June 23rd, 2008 | In Stocks to Watch
Contributed by: Eric Cheshier (http://thestockmasters.com) -

The Western Union Company (NYSE: WU) shares are on the rise – up 15% in the last 3 months. The debt markets are in a panic, and the mortgage industry has all but evaporated like the foam in your freshly poured beer. But money-transfer kingpin Western Union scoffs at the rest of the pitiful companies in the financial sector.

Here’s why
WU’s biggest growth segment is International. In fact, International revenue and volume surged 19% in Q1, helped by rapid growth in China and India and improved business in Mexico.

WU

Also, Management bought back 14 million shares for nearly $300 million during the quarter. In 2007, the company spent a crazy amount of money – purchasing more than $700 million worth of shares. WU also approved a plan to repurchase $1 billion in common stock.

Expect to see the Analyst upgrades come rolling in during the next few weeks.
Are there any companies out there with a better ticker symbol than WU? Wu-Tang clan comin at ya. Protect ya neck.


Disclaimer: The author has no shares of the securities mentioned in this article

Last 5 posts by Eric Cheshier





About Eric Cheshier (http://thestockmasters.com)
Eric is the Co-Founder of TheStockMasters.com and his love for investing started in his early teens. After trading stocks to supplement his income he began heavily trading options and knew then that stock research and analysis was his true calling. Eric can proudly say that by investing in the stock market he was able to turn a few thousand dollars into a portfolio that allowed him to pay his way through college and buy his first home before the age of 24. Investing has allowed Eric the time to work on various projects including running TheStockMasters.com and active day trading.

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