Month: September 2020

PRTH – GARP at the most reasonable of prices?

PRTH is the 11th largest merchant acquirer in the US, trades cheap to comps, has returned to growth, and potentially has 2-3x upside from current prices. Situation Overview PRTH has had a challenging 2 years with a damaging change in Mastercard e-commerce standards, accounting revision, and COVID Multiple things in the story have now changed […]