Savvy Trades and Investments

[abh3vt]

IMXI another one that missed and guided down slightly so market is punishing its shares, down 19%. Has bought back a lot of shares, so still showing increases in eps y/y. Easy comp in Q3, things get a little tougher in Q4....no guide yet on FY25. They handle a lot of money transfers between Latin America and the US. Demand seems stable, but not much growth at present. Pretax margins have fallen slightly, but the company has also bought back 10-11% of the company shares in the last year, so still able to show y/y fd eps growth. Trading at ~8x FY24 updated estimate, so maybe fully valued.