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new 5% owners own 712,500 shares of PYDS- PTM A payroll &Tax Management co. from Santa Clara Ca. Payroll Tax Management, Inc. (PTM), a national provider of payroll tax filing software systems and services bought in a few weeks ago according to the recently filed 13 G
Conference call will be played back for one week by dialing the number at the bottom of the PR. Definitely worth listening to. We were also impressed by the 4 or 5 analysts with questions, Looks like we're on the right track for growth with the second half of 2016 being the strongest. Looking forward to more news releases with Akimbo. Besides churches and insurance, we thought it was interesting that PYDS is looking to get into the payments for healthcare/dentists and recurring payments for property management/HOAs. Also good to know that it is very difficult for new payment processors to get started with a bank supporting them with the many new regulations. PYDS has 17 years experience and a big advantage with technology, infrastructure and plenty of cash. They also said that Management would think about a stock buy-back. We are so undervalued, we think that would inspire confidence in the company.
80,000 Shares sold today! not bad!
Janey, all opinions are welcome here, but keep your jokes to a single post so people don't waste time searching for something you put on the board, thinking it to be a fact. Thanks!
Where did you hear that? Why and when? I googled it and couldn't find anything that would indicate a change in sticker.
Houston Frost's Radio interview about Akimbo virtual cards
Houston Frost's interview about the new Akimbo virtual gift card program. The interview starts at the second hour of the program (Can also be assessed from Payment Data Systems on FaceBook)
blogtalkradio.com/computeramerica/2016/01/22/computer-americ...
every day! big trade after the close. ???
Mermelstein, save your breath, "Freeze These" is not understanding nor does "HE" care to understand!
let's see the numbers, the rest I do not care about.
Thomson Reuters/Verus initiates coverage for PAYMENT DATA SYSTEMS INC with BUY recommendation.
BY Investars Analyst Actions - public
— 4:14 PM ET 01/04/2016
On January 4, 2016 Thomson Reuters/Verus initiated coverage for PAYMENT DATA SYSTEMS INC (PYDS) with a BUY recommendation.
found on Fidelity
Thomson Reuters/Verus initiates coverage for PAYMENT DATA SYSTEMS INC with BUY recommendation
This industry is in it's infancy stage.
to cherry pick the flaws is not rational.
If your posts and others were used to drive the price down, congratulations it worked. But what is your plan now?
keep squeezing? If you did not plan to by back at a lower price, why would you waste your time on this board? It actually gives me more confidence that so many people bash this stock. If you can't make money buying or shorting you would be doing something else with your time. You are all smart people! Might be time to get back in soon!
Seeking Alpha Article PYDS
Payment Data Systems: A Company Worth A Look In The Exciting Mobile Payments Space
Dec. 11, 2015 5:00 AM ET | 1 comment | About: Payment Data Systems, Inc. (PYDS)
Summary
•The mobile payments industry is set for significant growth.
•Payment Data Systems is an emerging player in the mobile payments space.
•Based on its growth potential, Payments Data Systems’ current valuation is not justified.
This is a very important period for retailers. The holiday season was launched with the start of "Black Friday". In 2014, an estimated 87 million shoppers hit retail stores on Black Friday. The National Retail Federation (NRF) expected an even higher number to hit stores in 2015. But an even higher number of individuals were expected to shop online on "Cyber Monday". An estimated 127 million people shopped online last year. Throughout the holiday season, online shopping will account for a significant portion of total holiday season shopping.
MarketWatch, citing data from the Adobe Digital Index, noted that e-commerce sales totaled $1.73 billion on Thanksgiving Day. Around 57% of traffic came from mobile devices such as smartphones and tablets. According to e-commerce software company ChannelAdvisor, online same-store sales rose 43.4% on a year-over-year basis. Increasing e-commerce sales are being driven by the increasing use of smartphones and tablets. Importantly, this trend is not just restricted to the U.S. Shoppers, who are increasingly moving online globally.
One of the beneficiaries of this trend has been the payments processing industry. In fact, PwC's Strategy& notes that the payments sector was once seen as a "quiet corner of the financial world" but the industry now is "on a roller-coaster" ride. Strategy&, in its report, cites the example of Starbucks (NASDAQ:SBUX), which in October 2014 said that around 15% of its purchases in its U.S. stores were paid through its mobile app. The company even has plans to launch a Mobile Order program across the U.S. by the end of this year.
The growth in the mobile payments sector has attracted even the likes of Visa (NYSE:V) and MasterCard (NYSE:MA). According to Forbes, both companies could see significant revenue boost on the mobile payment sector front. Forbes, citing data from Gartner (NYSE:IT), notes that globally mobile payments transaction volume was around $235.4 billion in 2013. Gartner further notes that in 2014 mobile payments transaction volume was estimated at around $325 billion and is expected to grow to $717 billion by 2017. That would represent a CAGR of more than 30%.
The outlook for the mobile payments industry is very robust and this got me interested in the sector. While looking for pure-play mobile payment processing companies, I came across a small San Antonio-based company called Payment Data Systems (NASDAQ:PYDS). PYDS has been covered by Seeking Alpha author Nicholas Bodnar in an article in October. Bodnar in his article focused on three potential catalysts for PYDS. One of the catalysts highlighted by Bodnar is an increase in federal funds rate. I have discussed the Fed fund rate in some articles here. There has been a great deal of uncertainty over when the Fed will hike its benchmark interest rates, which have stayed near zero since the financial crisis. But following a strong jobs report for October and November and based on the minutes of the Fed's most recent monetary policy meeting, it is likely that the central bank will hike its benchmark interest rates at its upcoming meeting later this month. The other catalysts highlighted by Bodnar were the Akimbo platform and a potential acquisition. I want to focus specifically on PYDS's growth prospects and the challenges the company faces right now.
Let me first start with PYDS's growth prospects. At an investment conference in October, Payment Data highlighted that it has seen a 28% CAGR in transaction processed between 2011 and 2015 (estimated). The company expects to process 14,500,000 transactions in 2015. If the growth rate is maintained by PYDS, the company would process nearly 50 million transactions by the end of this decade. In terms of dollars processed per year, between 2011 and 2015, PYDS has seen a CAGR of 75%. In 2015, the company expects to process $3.4 billion worth of transactions. If the CAGR is maintained for the next five years, by the end of this decade, the dollar volume processed by PYDS would total more than $55 billion. More importantly, the company's CAGR would be more than double that of the anticipated growth for the industry. As I noted above, market research firm Gartner expects transaction volume (in dollar terms) to grow at more than 30% annually between 2014 and 2017. Given that PYDS has grown at double that pace, and could potentially continue to do so, makes the company an attractive takeover target based on growth prospects. Also to put what the growing transaction volume means into prospective, in 2014 PayPal (NASDAQ:PYPL) processed $228 billion worth of transactions. So by 2020, PYDS could potentially become a fourth of the size of what PayPal currently is. PYDS's current market cap though doesn't reflect this potential in my opinion.
Despite the growth prospects, PYDS shares have struggled this year. One reason was the disappointing second-quarter results. For the quarter ended June 30, 2015, PYDS reported revenue of $3.42 million, up from $3.30 million reported for the same period in the previous year. While the revenue did increase on a year-over-year basis, the growth does not reflect the mobile payment industry's true potential. Having said that, the second quarter is a seasonally slow quarter. Revenue in the third quarter saw a 1% decline on a year-over-year basis. According to CEO Michael Long, the decline was primarily due to a 9% drop in return-check transactions processed. Long noted that in October the company launched a new product that meets the market needs and allows merchants to remain within regulatory compliance without the need to build out large and complex systems and see higher expenses. Long added that the response to the newly launched product has already been encouraging and, as a result, revenues are expected to rebound in the fourth quarter. I believe a rebound in revenue could provide a boost to the stock price.
The other concern has been operating expenses. The company's operating income was just $91.8k, down from $466.4k reported in the June quarter last year. The big drop in operating income was due to significantly higher operating expenses. Operating expenses rose from $2.84 million to $3.33 million. The increase though was mainly due to stock-based compensation. This trend continued in the third quarter of 2015. Stock-based compensation rose from approximately $73k in the third quarter of 2014 to around $338.5k in the third quarter of 2015. Operating income, meanwhile, dropped to $23.3k in the third quarter of 2015 from $676k. Third-quarter operating income though was also negatively impacted by costs associated up-listing to the NASDAQ. In my opinion, higher stock-based compensation is keeping market participants on the sidelines. But higher stock-based compensation is not necessarily a bad thing as it aligns the goals of shareholders and management. Importantly, it does not affect PYDS's cash position, which is important for a small company with limited resources. Also the stock-based compensation is not dilutive as SA author Adam Stockmeister noted in his September article on the company. Stockmeister noted that excluding unvested restricted shares and options, current shares outstanding are 7.37 million, which is actually lower than what it was in 2014. Operating income will also see an improvement once revenue picks up. The company is confident of a recovery in revenue in the fourth quarter. Remember that the fourth quarter is also a seasonally strong quarter because of the holiday season.
Another reason why investors are not warming up to PYDS is possibly lack of interest from institutions. However, the company has completed its up-listing recently. Up-listing to the NASDAQ will certainly increase the stock's visibility and more importantly create awareness among institutional investors. Once the smart money moves in, there will be increased confidence.
Editor's Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.
S.A.’s Payment Data Systems takes on Santa with insta-gift card
By Lynn Brezosky on December 8, 2015 at 5:27 PM
Last-minute shoppers may rejoice at San Antonio-based Payment Data Systems’ news it’s launching Akimbo Gift, a gift MasterCard that can be ordered online and securely and immediately delivered by email (or snail mail).
Unlike typical gift cards, Akimbo Gift can be upgraded to a standard, reloadable Akimbo MasterCard account that allows the user to withdraw cash at an ATM, transfer funds to another of the card holder’s bank accounts and combine multiple gift cards into one.
“We’re launching the perfect, last-minute holiday gift idea,” said Houston Frost, senior vice president of Payment Data Systems Corporate Development. “You could wait until Christmas morning and send a gift card to a friend or family (member) electronically.”
American consumers last year left more than $1 billion in store credit unused, Frost said.
“We’re reinventing the gift card so that you’re no longer forced to spend,” Frost said. “With Akimbo Gift, you can use the gifted money towards savings, investments or to pay bills.”
Businesses will be able to order the cards in bulk and send them securely through the Akimbo Now platform and API.
The cards will become available Dec. 14.
Akimbo Financial Inc., a San Antonio-grown company, was acquired by Payment Data Systems a year ago for an agreed purchase price of $3 million to be paid primarily with common stock in two tranches. Frost, then-CEO of Akimbo, and his employees joined FiCentive Inc., a wholly owned subsidiary of Payment Data Systems.
Read VERY carefully this time!
"Notice is hereby given that this action shall be DISMISSED without prejudice as to said
party(ies) unless on or before12/30/2015 there is filed with the clerk PROOF of service on the
above-named party(ies), which service MUST have taken place prior to the expiration of the
120-day time limit set forth in Fed.R.Civ.P. 4(m), or good cause is shown why such service was
not made in that period." TOO LATE!!
SORRY ITS NOT WHAT YOU WANTED TO HEAR!!!
How can anyone say (or post) that a complaint is moving along?
After six months of doing nothing, what information can you share, that gives you such insight into his intentions.
You have every right to your opinions on this board, but telling people something that is not true is wrong!
UNITED STATES DISTRICT COURT
DISTRICT OF NEVADA
MICHAEL MCFARLAND,
Plaintiff(s),
vs.
MICHAEL R LONG, et al.,
Defendant(s).
2:15-cv-01221-GMN-PAL
November 30, 2015
NOTICE REGARDING INTENTION TO DISMISS PURSUANT TO
RULE 4(m) OF THE FEDERAL RULES OF CIVIL PROCEDURE
To: Michael McFarland
Federal Rule of Civil Procedure 4(m) provides, in part, as follows:
". . . If a defendant is not served within 120 days after the complaint is filed, the
court - on motion or on its own after notice to the plaintiff - must dismiss the
action without prejudice against the defendant or order that service be made within
a specified time. But if the plaintiff shows good cause for the failure, the court must
extend the time for service for an appropriate period. . ."
Be Advised the official record in this action reflects theCOMPLAINT was filed herein on
6/26/2015. Further, to date there has been no proof of service filed as to the following parties:All
Defendants.
Notice is hereby given that this action shall be dismissed without prejudice as to said
party(ies) unless on or before12/30/2015there is filed with the clerk proof of service on the
above-named party(ies), which service must have taken place prior to the expiration of the
120-day time limit set forth in Fed.R.Civ.P. 4(m), or good cause is shown why such service was
not made in that period.
Failure to comply with this Notice shall result in automatic dismissal of the action without
prejudice as to said party(ies).
LANCE S. WILSON, CLERK
By: /s/ Robert Johnson
Deputy Clerk
Can't find anything anywhere about a summons, except one back in June that was dismissed. If you have something please show where it is. I think your info is a very old story. If I am wrong, could you link us to the report. Thanks
Payment Data Systems To Present At The 8th Annual LD Micro Main Event December 2, 2015
San ANTONIO, TX / ACCESSWIRE / November 24, 2015 / Payment Data Systems (PYDS), an integrated payment solutions provider, today announced their participation in the LD Micro Main Event at the Luxe Sunset Boulevard Hotel in Los Angeles, CA.
Louis Hoch, President & Chief Operating Officer, and Habib Yunus, Chief Financial Officer, will be presenting at the conference on Wednesday, December 2nd at 5:00 pm PT. Payment Data will also be attending one-on-one meetings throughout the day. A live webcast of the presentation will be available at http://wsw.com/webcast/ldmicro9/pyds and a replay will available in the investor relations section of the Company's website at www.paymentdata.com.
Very interesting and informative- All current and prospective shareholders should listen!
Payment Data Systems To Present At The 8th Annual LD Micro Main Event December 2, 2015
.
SAN ANTONIO, TX / ACCESSWIRE / November 24, 2015 / Payment Data Systems (PYDS), an integrated payment solutions provider, today announced their participation in the LD Micro Main Event at the Luxe Sunset Boulevard Hotel in Los Angeles, CA.
Louis Hoch, President & Chief Operating Officer, and Habib Yunus, Chief Financial Officer, will be presenting at the conference on Wednesday, December 2nd at 5:00 pm PT. Payment Data will also be attending one-on-one meetings throughout the day. A live webcast of the presentation will be available at http://wsw.com/webcast/ldmicro9/pyds and a replay will available in the investor relations section of the Company's website at www.paymentdata.com. Less
PYDS is a great buy and should more than double in 2016!
The downward selling pressure is most likely because the estate of Bob Evans (who was an 8% owner ) is unwisely selling. The wise person buys at these bargain prices, and won't regret it in 2016 with new developments with Akimbo and strong 4th quarter revenues. Happy Thanksgiving to all!
PYDS is a great buy and should more than double in 2016!
The downward selling pressure is most likely because the estate of Bob Evans (who was an 8% owner ) is unwisely selling. The wise person buys at these bargain prices, and won't regret it in 2016 with new developments with Akimbo and strong 4th quarter revenues. Happy Thanksgiving to all!
A Consumer Payments Firm Begins Siding With The Enterprise
By pymnts ? ?
Posted on November 23, 2015
emailmoney
Akimbo Now tells PYMNTS about its new virtual card platform and the potential the technology has in the corporate payments space.
Shutterstock
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When the Akimbo Card first launched, it began as a prepaid card solution for consumers to help budget, manage allowances and take advantage of the typical uses of such a payment product. The name Akimbo, a late Middle English term, means to have your hands on your hips and elbows turned out.
Houston Frost, SVP of corporate development at Payment Data Systems (which acquired Akimbo last year), says it’s a name signaling readiness and competence. But as Akimbo unleashes its next venture, the Akimbo Now platform, it’s clear the company isn’t standing still; instead, it’s heading toward the enterprise.
Akimbo Now allows corporations to disburse payments via virtual card and email, and according to Frost, that’s just the “tip of the iceberg” in terms of where Payment Data Systems and Akimbo want to go. PYMNTS spoke with Frost about the potential for prepaid and virtual cards to change the game for corporate payments and how he thinks Akimbo can tap into that potential.
Akimbo Now allows any company to disburse funds instantly to a recipient; they provide an email and a dollar amount, and a virtual card is generated that then lands in the recipient’s email inbox.
Yes, the solution can be useful to reward consumers and encourage loyalty, but Frost told PYMNTS that it’s a platform that could mean faster paycheck funds for employees, for example. Businesses, which also have the option of sending a paper check or ACH payment, can also have recipients sign up for an Akimbo Card account, meaning companies can top up those prepaid cards.
“You could do payroll through this and in a faster way, because it’s instant on our platform,” Frost said.
He added that this type of payroll method could see a new market in the on-demand segment.
“We’ve been very excited about how this could work in the sharing economy,” he said. “With companies like Uber, Lyft and TaskRabbit, those are contractor payments, where it would be great if, when an Uber driver dropped off their fare, they immediately had money in their pocket from that fare.”
The executive explained that the Akimbo Now platform, as compared to the Akimbo Card, is about creating an ecosystem of prepaid and virtual card users and solutions and about providing businesses with choice when it comes to how they want to disburse payments.
“What we’re really seeing is the need for the ability to disburse money instantly, more or less, in a much easier way than a lot of the alternatives out there,” Frost stated. He explained that the platform also supports payments via ACH and paper check should corporations wish to use these methods. “Those are the two more traditional ways of sending money,” he said. “The reason we added those in is so if a business needed to disburse money and they want options. For some people, they want to send an email; for others, maybe they have their bank account information.”
But Frost admitted that Akimbo and Payment Data Systems are truly most excited about the opportunities for the virtual card and prepaid card services. And while businesses can already use it as a payroll solution, Frost said that Akimbo has a lot more on its radar in terms of corporate payments.
Click To Tweet
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“This is the very beginning of creating business solutions around the Akimbo platform,” he said. “We absolutely are working on corporate expense solutions. That may be virtual card solutions, but it’s also going to be related to actual employee expense cards.”
While Frost couldn’t divulge much, he did tell PYMNTS that existing debit card solutions for corporate users haven’t met his expectations and that some of its small business customers are already expressing demand for Akimbo-based offerings.
“We recognize that need,” he said. “In our virtual card platform, you can see a pretty strong set of business tools.” Akimbo, he added, will be adding on to those tools in the coming months and into 2016.
For Frost, this pivot toward business-focused services is part of Akimbo’s effort to transform from offering simply a consumer reloadable prepaid card (“We don’t want to be another RushCard,” Frost told PYMNTS) to introducing an ecosystem of business solutions around these payment technologies, “because all of these products can work well together,” he said.
Click To Tweet
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“We’ve always been excited about these nontraditional use cases of prepaid,” Frost said. “It’s a budgeting tool, a tool for allowances, but using a debit or prepaid card for corporate expenses, that’s a new and upcoming use of a prepaid card. You’re seeing more activity around it, and we’re really excited about these up-and-coming uses of the prepaid platform.”
SA News Article-"PDS banks on former Geekdom startup for virtual gift card market in holiday shopping" by Kristen Mosbrucker
.Akimbo, a prepaid card software startup that launched out of Geekdom in downtown San Antonio, is now pushing the envelope for Payment Data Systems since it was acquired by the publicly traded company last year through a deal to buy down its debt.
The prepaid card application now has the stamp of MasterCard and links to a customer or business bank account that is designed for recurring expenses. But Payment Data Systems is launching it as a virtual gift card for the holidays. Users can send money via email links for corporate or personal presents if connected to a bank account.
Frost is the former CEO of Akimbo, a prepaid card software launched in San Antonio that was acquired by Payment Data Systems.
Payment Data Systems also hired former Akimbo chief executive officer Houston Frost, an heir of the Frost Bank family, to spearhead its corporate development of prepaid products.
“They used our front-end technology to power Stream,” Frost said about a different prepaid debit card for businesses launched recently that is geared towards businesses looking for direct deposits for employees and contractors but can be co-branded for companies. That application is called Stream, which is also powered through MasterCard, was in the works anyway but the Akimbo technology pushed it to market.
“The big work this year was integrating Akimbo into Payment Data System’s platform, since it operates its own (credit card) processor we have a lot greater control and we have big plans for Akimbo," Frost, who is the senior vice president of corporate development and prepaid cards. PS (there is more to the article that didn't copy-you can google it) Very positive Article! Less
We now have 6 institutions on board! It's a start! Hopefully, the estate of Robert Evans sees the value of holding on so we can gain some momentum, or we get more buyers and institutions to buy from them. Certainly accounts for the poor performance of our stock which has so much potential for the future.
Top Institutional Holders
Holder
Shares
% Out
Value*
Reported
Millennium Management LLC 14,458 0.12 43,518 Sep 30, 2015
Tower Research Capital LLC (TRC) 7,411 0.06 22,307 Sep 30, 2015
Creative Planning 2,734 0.02 8,229 Sep 30, 2015
Walleye Trading, LLC 2,200 0.02 6,622 Sep 30, 2015
Acadian Asset Management 950 0.01 2,859 Sep 30, 2015
UBS Group AG 50 0.00 150 Sep 30, 2015
Investor Hub AD - flat One day site takeover - All display banners on Investors Hub and 1 email blast to 102,000 users and Homepage Skin - Approximately 3 million banners impression on the day from 400,000 unique visitors - $15,000 flat rate (available for November @$10,000) rate (available for November @$10,000)
Looks like a timely, smart ad.
Agreed, it should be a good 4th Quarter."During the third quarter, we delivered record credit card transaction volumes," said Michael Long, CEO. "We believe this trend will continue in our fourth quarter, which is our seasonally strongest due to the holiday season and charitable giving. In addition, the one-time charges related to listing on NASDAQ and other related expenses were fully incurred in the third quarter and are now behind us. As a result, we expect to deliver strong revenue growth and profitability in the fourth quarter."
We were punished excessively for the one time expenses in the 3rd quarter. Looking forward to the new developments and revenues associated with Akimbo Now. The biggest moaning posters probably have the least amount of stock, if any, so they should sell and move on. They never have a positive thing to say. Their negativity is obvious and very annoying. Good luck to all longs!
The finance Yahoo board for pyds has a lot of information. The best source is probably the company website www.paymentdata.com. It has the most info about pyds and its subsidiaries like FiCentive. We should also know more on Monday after the market closes when they'll probably file their 3rd Q 10Q and give us some guidance on the 4th Quarter too.
PYDS-THE SHORT STORY
Shares Outstanding
12,348,000
Shares Short*
11,292
Short Interest as a % of
Shares Outstanding*
0.09%
NOT a real lot of people betting against at this price!!
So short it!
NYSE GLITCH TODAY
.
NYSE suffers glitch routing trades ahead of close
4 hours ago
URL
Twitter
The NYSE Arca exchange experienced issues routing trading in all symbols for 15 minutes on Friday ahead of the close, according to an alert sent to traders.
The Arca exchange, which resolved the issue by 3:34pm in New York, is an electronic bourse trading more than 8,000 securities and accounted for more than a fifth of all exchange-traded products, including ETFs and ETNs, volume in August.
In an alert sent to traders, NYSE said:
NYSE Arca is experiencing an issue routing Tape A, B & C across all symbols. The issue began at 15:15:12 ET. Additional information will follow as soon as possible.
The tape A, B and C designations refer to the New York Stock Exchange, NYSE Amex and NYSE Arca, and the Nasdaq, respectively.
A spokesperson for the New York Stock Exchange would not elaborate on the issue beyond the trader alert.
, Markets, NYSE, US, NYSE Arca
we will not know if any institutional buying took place until
after the quarter
Filing of Form 13F. A Manager must fjle a Form 13F report with the Commission within 45 days after the end of each
calendar year and each of the fjrst three calendar quarters of each calendar year. As required by Section 13(f)
Yes, the 2nd quarter report should be released tomorrow along with possible guidance for the 3rd quarter.
http://paymentdata.com Check out their brand new sharp looking website announcing we are officially on NASDAQ (Also copied a seeking alpha article about PYDS)
Upcoming Catalysts Should Push Payment Data Systems Higher
Must Read | Aug. 10, 2015 6:30 AM ET | 7 comments | About: Payment Data Systems, Inc. (PYDSD), PYDS, Includes: GPN, PLPM, PYPL, XOOM
Subscribers to SA PRO had an early look at this article. Learn more about PRO »
Disclosure: I am/we are long PYDS, PLPM. (More...)
Summary
•The company will uplist to the Nasdaq on Tuesday, August 11th.
•Its second-quarter results, to be reported around August 14th, should show double-digit growth on both the top and bottom lines.
•Total dollars processed for July were the highest in company history.
•An acquisition made in late 2014 should become accretive in the second half of 2015.
•The company trades for multiples significantly below industry averages, despite better growth rates.
As my profile name suggests, I've made a rather lucrative living off finding, and exploiting, market inefficiencies. I prefer to pick the low-hanging fruit, so to speak. I've never been one to bet on the gambles, or the fliers, or whatever else you want to call a stupid move. I want fundamentally sound companies with good growth prospects and great balance sheets, at cheap prices. For that reason, the stocks I'm buying can be somewhat illiquid, with no analyst coverage, and probably never mentioned on CNBC. But that's what creates market inefficiencies. My goal is not to try to compete with investment banks or institutional money managers in determining whether Netflix (NASDAQ:NFLX) or Amazon (NASDAQ:AMZN) is under- or overvalued. Thousands of very smart analysts are all looking at the same information and still can't come to the same conclusions. So I don't play that game, because that really seems like gambling to me. I'd rather swing a large bat at a big ball.
It probably comes as no surprise to some of my readers that I've been a foaming-at-the-mouth-bull in regards to Payment Data Systems (PYDS, OTCQB:PYDSD) over the last 14 months or so. And for good reason too. Management has executed flawlessly, and the stock is up 190% since I first wrote about the company in June 2014. Ordinarily, I wouldn't want to recommend buying a stock after such a dramatic move, but Payment Data Systems has pulled back about 30% from its highs for seemingly no reason, and is now moving sideways. For that reason, I feel much better about recommending it at these levels, especially with a handful of catalysts on the horizon.
We actually bought a good amount at .02 a share that we put in an IRA. We had a lot of higher priced shares since we became investors in 1999 under Billserv, so we wanted to average down. We said either we would be very happy some day, or go for broke (worst case scenario). We're very happy we hung in through the darkest days. We never imagined we'd get back on the NASDAQ for a second chance. Great job PYDS team for getting us there as promised! We are thrilled! Good luck to all!
An exciting week coming up as PYDS(D) officially becomes a NASDAQ stock. Good things are coming to those patient and optimist long shareholders. What a comeback story since 1998 to now!. It would make a great movie! Luck to all as we go forward
An exciting week coming up as PYDS(D) officially becomes a NASDAQ stock. Good things are coming to those patient and optimist long shareholders. What a comeback story since 1998 to now!. It would make a great movie! Luck to all as we go forward
Volume was 10887 that would have been the same as 163,305 before the split! How is that BAD????
PYDSD is up over 4% on a down day for stock market and NASDAQ. We will continue to move up because the stock's a steal and you'd have to be crazy to sell now. Being positive beats being negative anytime. If we weren't positive about PYDSd we wouldn't have continued to support them since they were originally on the NASDAQ 13 years ago as bills.
Nasdaq Listing set for next Tuesday! Payment Data Systems Announces Approval for Listing on NASDAQ
Begins Trading on the NASDAQ Capital Market on August 11, 2015
San Antonio TX , August 04, 2015-- Payment Data Systems, Inc. (OTCQB: PYDSD and PYDS), announced that it has received confirmation that its application to list the Company's common stock on the NASDAQ Capital Market has been approved by The NASDAQ Stock Market, a unit of the NASDAQ OMX Group. In honor of the listing, the Company will ring the Opening Bell at the NASDAQ MarketSite in Times Square, New York City, on Monday, December 21, 2015.
The Company's common stock is expected to begin trading on NASDAQ at the opening of trading on August 11, 2015 under the ticker symbol, PYDSD. The Company's common stock will continue to trade on the OTCBB and the OTCQB until market close on August 10, 2015 under the ticker symbol, PYDSD.
After 20 days, or on August 20, the Company's ticker symbol will revert to trading as PYDS from PYDSD on NASDAQ.
Michael Long, Chairman and CEO of Payment Data Systems stated, "Our listing on the NASDAQ Capital Market is a major corporate milestone for our Company and a testament to the tremendous progress we have made over the past few years. Furthermore, we believe that the listing on NASDAQ will help broaden our shareholder base, increase appeal to institutional investors, provide us with better liquidity and ultimately contribute to increasing shareholder value."