Savvy Trades and Investments

[SSKILLZ1]

WU

WU Reported last night, a little weaker than I expected. But they kept guidance my gut tells me they will be in the lower 1/2 of that guidance. it is true they had a day less in this quarter thank to leap year and where holidays fell it should help q2 a little more because Easter was later this year, and actually hurt the q1 comp. q1 was the last outrageous comp of the Iraq revs, they have a tough Iraq comp in q2 (about 34 million (Versus normalized rate of say 6-7 million)). second half I expect growth of eps to occur, as this Iraq headwind will be completely behind us after q2, but the real bad comp was q1 which had 65 million in revs. versus less than 7 million. WU should be able continue to buyback stock, pay a dividend north of 9% at a multiple of 5X, probably in my opinion deserves about a 8x multiple, which means I see FV in the $14-15 range. Hence I still like it. This quarter was slightly below my expectations I do admit that, but not by much like a .01-.02, and I expect the numbers to get stronger as the year goes on. Just thought I would update my feeling on WU after the quarter. All is just my opinion, and I could always be wrong though