Don't Bite The Hand That Feeds You

[Hot-Cold]

MGI I got in at $1.20 so far so good... my personal opinion is their is a lot of upside potential.

AP
MoneyGram expands deal with Canada Post
Friday August 8, 10:35 am ET
MoneyGram inks deal with Canadian postal service to triple number of outlets in Canada

MINNEAPOLIS (AP) -- MoneyGram International Inc. on Friday said it struck a deal with the Canadian postal service to expand the company's money transfer service to 2,000 additional locations.

Canada Post, a MoneyGram agent since 2002, currently offers the service in 1,000 locations. The multiyear pact calls for that number to triple by the end of 2009.

Terms of the deal were not disclosed.

Separately, MoneyGram late Thursday reported a second-quarter loss, reversing a year-ago profit, as soured investments weighed on results. But revenue from its money transfer business posted strong gains, and the stock rose 17 cents, or 12 percent, to $1.57 in morning trading.