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Currency Exchange International Corp T.CXI

Alternate Symbol(s):  CURN

Currency Exchange International, Corp. is a foreign exchange technology and service provider. It provides a range of foreign exchange services to clients in the United States and through its subsidiary, Exchange Bank of Canada, in Canada. The Company provides comprehensive foreign exchange services, risk management solutions, and integrated international payments processing technology in North America. Its technology platform, CXIFX, delivers foreign currency services, such as foreign banknote exchange, foreign and US travelers' cheques, foreign and US travelers' cheques, foreign draft issuance, global EFTs and international wire payments. Its foreign bank note exchange services, which enable customers to buy and sell more than 80 foreign currencies from around the world, remove teller errors with its automated transaction process and updated banknote verification images and others. It serves various industries, including travel, technology, payroll, healthcare and nonprofit.


TSX:CXI - Post by User

Post by 93Darkhorse93on Sep 06, 2017 7:46pm
399 Views
Post# 26664051

Q3: Record Revenue Growth of 29% with EPS Growth of 66%...

Q3: Record Revenue Growth of 29% with EPS Growth of 66%...What a Quarter, after a year in the depths of the stock market penalty box this company has put up back to back great quarters on margin re expansion on the back of the bank licence revenues starting coming through. The weakness in the USD dollar is such a strong tailwind for Currency Exchange and with CDN central bank jacking up rates this trend is just getting going.
 
I Bailed on the story after Q1 when net operating margins were collapsing down to the 5% range but the story has bounced back.
 
Record Revenue up to 9.9M up 29% and transactions up to 300,000 up 44%.  The big thing that has me real bullish is the reacceleration in operating margins Q3: 36.48% (2016: 33.78%) and on a QoQ improvement in 2017 Q1: 4.76% and Q2: 19.86%. This margin improvement has been driven by transaction volume growth and is the driver behind the reacceleration in EPS growth.
 
Jerome Hass described it right on but just missed the timing when to be bullish RIGHT NOW!!! They spent the money to build out the infrastructure for growth and bank licence ramp and the revenue growth took 6-9 months to ramp up which you are just starting to see.
 
Unique asset that should always trade at a premium, see no reason why we don’t trade back to the old highs as they finally have the operating business figured out following the bank licence. That would take you back to 40.00/share or 60% upside.
 
LONG

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