EML proves its resilience today !!

Today was the day the market finally realized the following:

- EML is now a diversified global payments company in multiple geographies and verticals which helps buffer short term headwinds in parts of the business.

- the management has proven to be sensible with the PFS deal restructure

- 60%+ of revenues are now from GPR

- MasterCard are taking EML into new countries (NZ) in order to launch new programs !! this is a huge vote of confidence.

- balance sheet is bullet proof and the company is throwing off a lot of free cash.

- Breakage is now proven to be quite a handy cash cow of the business in times of reduced profits.

- Covid19 is accelerating takeup of EML Mobile solutions

- VANs takeup should accelerate

- gift card division has rebounded nicely in May (only down 53%) compared to some forecasting zero. all this while malls in North America are closed!

- Acquisitions opportunities will emerge next year.

Stuff this stock in your bottom drawer and don't open until 2022