2024-06-27 13:38:04 ET
Summary
- CPI Card Group Inc.'s Q1 report showed expected sales weakness, but a demand recovery, an expanded customer deal, and Prepaid growth look to fuel a great growth recovery.
- The company's SG&A increased notably in Q1, being partly due to temporary compensation but also expected to partly sustain higher with increased growth investments.
- The undervaluation has shrunk after the significant share rally, but fairly good upside still remains as the growth outlook remains good.
CPI Card Group Inc. ( PMTS ) has reported the company’s Q1 results since my previous article on the company, and also more recently refinanced its long-term debt....
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CPI Card Group's Valuation Gap Is Closing Ahead Of Growth Recovery