Very interesting article in the smh, comparing the missed OFX acquisition by WU, as similar to Yahoo missing out on buying google in 2002.
The biggest thing going for ozforex, is that its one of the cheapest and best value money transfers on the market if not the best,
WU has not only missed out on growing revenue and profits, but also matket share which is getting eaten up quite dramitically by cheaper/smarter rivals. (Ubers of the finance world)
Western Union has lost a huge opportunity.
Not a good look for them at all, throwing preliminary offers around then wasting everyones time. Embarrasing.
Some credibility lost there.
OFX = $2.25+ Price Target
OFX Price at posting:
$1.79 Sentiment: Hold Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)