Added to YB: 2024-06-21
Pitch date: 2024-05-07
CCRD [bullish]
CoreCard Corporation
+86.12%
current return
Author Info
No bio for this author
Company Info
CoreCard Corporation, together with its subsidiaries, provides technology solutions and processing services to the financial technology and services market in the United States, Europe, and the Middle East.
Market Cap
$183.9M
Pitch Price
$12.68
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.39
P/E
23.78
EV/Sales
2.41
Sector
Software
Category
value
CoreCard Corporation - $CCRD
CCRD: Card software provider down on GS consumer lending concerns. Believe issues overblown, software sticky. GS extended Apple deal to '29 despite losses. GM, Apple card fates uncertain but switching issuers won't fix inherent program flaws. 30%+ EBIT margin potential. Upside as onboards new clients, learns GM/Apple card fate. Cheap at 5x normalized EBIT. Could be acquired <$40.
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