chart, page-388

Still need to seem ATM profitability... no sense running 50k ATMs with all the monitoring in the world if they're not producing positive cash flow.

I know margins on ATMs are tiny especially in places like India where you rely on interchange as income stream opposed to Australia where the fee is right on the screen.

You're talking parts of cents per transaction sometimes.

I'm in and positive about TSN and growth.... but I still fear that they're running a business that makes no money and I'm more fearful of that now that the buyout price isn't ridiculous. If the business was flush with cash flow CX wouldn't be letting it go cheap regardless of what their goals are for investment return.