Topic: How To Invest

Hello Pat: I currently own Direct Cash Payments (DCI) on Toronto. What is your advice on the stock? Thanks.

Article Excerpt

DirectCash Payments Inc., $11.70, symbol DCI on Toronto (Shares outstanding: 17.6 million; Market cap: $205.4 million; www.directcash.net), is the largest non-bank owner and operator of automated teller machines in Canada, Australia and New Zealand, and the third-largest in the U.K. It also operates ATMs in Mexico. In addition, the company serves credit unions and other small financial institutions that outsource their ATM transactions. As of December 31, 2015, DirectCash had 21,454 active ATMs, up 1.7% from 21,103 a year earlier. Its machines processed 132.5 million transactions in 2015, up 7.2% from 123.6 million. DirectCash’s revenue jumped 152.5%, from $112.3 million in 2011 to $283.7 million in 2015. That’s mainly due to acquisitions that expanded its operations in Canada, Australia and the U.K. However, higher depreciation and interest costs caused earnings to fall from $1.47 a share (or a total of $20.3 million) in 2011 to nil per share ($59,000) in 2013. Earnings recovered to $0.21 a share (or $3.7 million) in 2014…

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