DLX - Deluxe Corporation: Undervalued And Positioned For The Small Business Revolution
Now with the inversion of the yield curve, markets are becoming more sure of an impending recession, and as a consequence, there's a flight to value. Finding that extraordinary bargain may be hard these days, but there will always be some special-situation issues that are overlooked. One such bargain, in our humble opinion, is Deluxe Corporation (DLX). Once a provider of checks and forms, it is now repositioning as a provider of web and online marketing services targeted at small businesses and financial services. Although the repositioning was driven by an acquisition