Western Union (WU) is gaining momentum
Eric Cheshier (June 23rd, 2008) Writes:
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.
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 ...
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.
amount of money - purchasing more than $700 million worth of ...
Tags for this Post:
Debt Markets, Financial Sector, Gaining Momentum, Kingpin, Money Transfer, Mortgage Industry, nyse, Shares, Stocks to Watch, Western Union Company
Debt Markets, Financial Sector, Gaining Momentum, Kingpin, Money Transfer, Mortgage Industry, nyse, Shares, Stocks to Watch, Western Union Company


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