Added to YB: 2024-09-27
Pitch date: 2024-09-25
IMXI [bullish]
International Money Express, Inc.
-1.24%
current return
Author Info
Thomas Niel is a value investor seeking opportunities in micro-cap and nano-cap stocks.
Company Info
International Money Express, Inc., together with its subsidiaries, operates as an omnichannel money remittance services company in the United States, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia.
Market Cap
$599.3M
Pitch Price
$18.60
Price Target
29.00 (+58%)
Dividend
N/A
Sector
Financial Services
Category
value
International Money Express: This Global Remittance Play Is Now An Activist Target
IMXI: Undervalued remittance co at 8.7x P/E vs peers 11.8x. Activist investors push for sale/changes. Recent M&A expands reach. Potential 51%+ upside to $29+ based on peer multiples. MoneyGram deal suggests $30+ takeover price. Risks: weak earnings, immigration policy changes. Strong buyback program.
Read full article (8 min)