IMXI. Was a buyer of the selloff this am. Had a great Q4, beating expectations but the Q1 guide was a little light; FY eps guide was in-line and showing 13% growth, albeit with a lower share count from a large buyback of shares that should continue going forward. IMXI handles a lot of money transfers from US to latin america and back. Growth slowed a little bit due to economic conditions, but this company has a nice transaction network stranglehold and is gaining market share. I think its fair value is closer to 12-13x forward eps, or 27-28/share. Steady grower, decent share buyback in place, I think it might be under pressure for a bit but should rebound within 3-6 mos as a stronger 2nd half appears not priced in.
