Priority Technology Holdings, Inc. (PRTH) 5th largest non-bank merchant acquirer in the United States. A merchant acquirer is the financial institution that maintains a merchant's account in order to accept credit cards. The acquirer settles card transactions for a merchant into their account. So basically they deal with electronic consumer payments.

-Up 12% 1st 2 months of the year before covid began. -Despite covid shutting down the country they still saw 11% revenue growth – Income grew 2.6 million – Quoted as saying they expect june to be their strongest month to date. – they record 48 billion in volume annually -Covid has actually helped PRTH!!! Their volume is projected to grow 7% within the next 10 years.

https://finance.yahoo.com/news/priority-technology-holdings-inc-comments-121300286.html

Why is this a covid play? – U.S. Mint’s production of coin also decreased due to measures put in place to protect its employees – More stores are asking customers to use a card where PRTH comes into play – People fear cash money is dirty and can carry diseases – The Federal Reserve is projecting that we'll experience a gap between supply and demand that ranges from 2.3 billion to 3.5 billion coins each month through the end of 2020.

https://www.usatoday.com/story/money/2020/08/01/coin-shortage-us-how-long-will-it-last/5524835002/

-Additional facts about PRTH – They already partner with Visa and Mastercard -They have specified partners to deal with specific types of businesses 1. Etab for restaurants to meet demand for customer ordering and online pay 2. Radpad for tenants to lease, screen and accept payments from renters 3. Payright software solution for health care providers and homecare to manage patient payments

https://prth.com/integrated-partners/

-CATALYST They have an earnings report for August 12th and they are confident they will crush.

This company in my opinion is very undervalued with extremely low volume. They are a legit company and Covid isn't going away tomorrow

I saw someone post about this today and I'd figure I'd look into them. Please due your own DD beforehand.

submitted by /u/YDGxTank
[comments]



Source link

قالب وردپرس

LEAVE A REPLY

Please enter your comment!
Please enter your name here