TSS - Global Payments: Long-Term Growth Outlook Is Favorable
Investment Thesis
Global Payments, Inc. (GPN) delivered a solid Q2 2019 with double-digit top- and bottom-line growth. The company should continue to grow its business at a rapid pace, thanks to favorable industry tailwinds. Its merger with Total System Services (TSS) should significantly increase the combined company's scale and result in significant synergies. Its shares are not particularly expensive given its strong growth outlook. We believe any meaningful pullback will provide an attractive entry point.
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Recent Developments: Q2 F2019 Highlights
Global Payments delivered a solid quarter with strong top- and