RE:RE:Revenue stable, improving margins and lower payout ratio
Wow. You must be looking for drama and conflict on this board. I've generally found nothing but reasonable and rational discussion.
OK, since you asked, on the plus side, DCI was able to lower the payout ratio. DCI was also able to borrow funds to purchase Threshold, thus slowing down the overall trend of reduced Canadian transactions.
On the negative side, DCI has demonstrated reduced adjusted year over year transactions in Australia. The Canadian transaction volume continues to decrease, with revenue only bolstered by annoying additional fees and surcharges. Mexico is a disaster. Still unclear if the Card Business has bottomed out......and of course, on paper, this was a money losing quarter.
DCI is too large to sink or take off on any single quarter. As one of the more prolific commenters here, my post of a few weeks back, outlining DCI's risk factors, still holds true. As I mentioned, I shall take my cue on the Q4 results, expected in mid-March.
Until then, enjoy your recovery.....hopefully it holds.