2024-03-10 11:49:24 ET
Summary
- CPI Card Group reported Q4 results with weakness in financials due to customers' inventory management and cautious spending, in line with expectations when excluding a severance package.
- The company's 2024 outlook implies a recovery into growth in H2/2024 as short-term challenges start to subside.
- The stock had a significant sell-off, which was unjustified in my opinion. With the undervaluation only widening, I remain with a buy rating.
CPI Card Group ( PMTS ) reported its Q4 results on the 7 th of March, showing weakness in financials with customers’ inventory management and cautious customer spending....
Read the full article on Seeking Alpha
For further details see:
CPI Card Group Q4: Unjustified Sell-Off Provides A Buying Opportunity