Special Situation Investing

Sunday, February 11, 2007

Western Union (WU) - Article Link

Motley Fool has a good and most importantly, free, article on Western Union. The article attempts to analyze the company from a value perspective but along the way makes some good points on growth :

Management noted it still only has 17.4% of the $269 billion global cross-border remittance (sending money internationally) market, and it captured about 7.4 points of that in the past three years -- indicating that a lot of share is still up for grabs.


International business has grown 26% annually since 2001, and China grew over 30% in 2006.

I bought some shares in Western Union a couple of weeks ago.


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