2 Catalysts, 1 Concern for Brink's

I know there’s been passing interest on Brink’s on this board, so thought I would share my second article on the company:

Fintech, the practice of incorporating new and innovative technologies to better perform traditional financial services, continues its march on traditional banking and the world’s economy. The movement’s onward march, at least partly inspired by the world’s very real shift from cash to digital payments, is what makes Brink’s Company (NYSE:BCO) something of an anomaly.

The 158-year-old company has grown from a one-wagon operation that transported valuables from Chicago train stations to visitors’ hotels into a global cash management solutions powerhouse. It now performs tasks like transporting cash in armored trucks, replenishing and maintaining ATMs, and offering cash management and dispensing services.

Given what the company does and the macro headwinds it faces, you could be excused for thinking Brink’s is a dying company, on par with the iconic retail stores that are slowly decaying in empty malls around the country. But you would be wrong. In fact, Brink’s stock price has crushed the market this year, returning 88% year to date and 99% over the past 12 months. The stock’s incredible performance has followed the company’s improving fundamentals. In the company’s recently reported third quarter, its revenues grew to $850 million, a 12% year-over-year increase, and its non-GAAP earnings per share rose to $0.83, a 22% increase year over year.

Read the entire article at https://www.fool.com/investing/2017/11/13/2-catalysts-and-1-…

Matt
MasterCard (MA), PayPal (PYPL), Skechers (SKX) and Square (SQ) Ticker Guide
See all my holdings at http://my.fool.com/profile/CMFCochrane/info.aspx

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