WHO WE UP AGAINST? Valuations run high in both the payment space and remittance space.
FGD does both.
The 100 million user LianLian deal utilizing the WeChat platform is a corporate gamechanger.
It is the world's first cross border fully integrated, interconnected social messaging/remittance solution.
Stop and think about that.
This solution could be applicable to Whatsapp or any messaging platform.
The fact is, however, WeChat has a fully developed ecosystem that can handle commerce unlike most other platforms.
FGD at a market cap of $120 million borders on ridiculous-Canadian dollars no less.
FGD is a combo of Paypal and Western Union, a $59 billion company and $9 billion dollar company, respectively.
This stock will move.
The SHORTING tactics are temporary.
Fundamentals will drive the stock to newer and loftier heights.
The remittance pie is approx $500 billion annually.
FGD is looking to get their fair share.
Multi billion dollar peers:
- Euronet Worldwide, Inc.
- MoneyGram International, Inc.
- The Western Union Company
- PayPal