Whilst FLT is likely to survive (in my opinion), there is no doubt that it will have it's wings clipped to a substantial degree - and so in the short term it will not be the same business that it was.
However, I think a big issue here, that no one seems to be contemplating, is that it is very likely to win substantial market share (in my opinion), and so may actually be a stronger business in the long run. Consider this: HLO is a much weaker business (I think most would agree), yet it has to the recent past, commandeered approximately 50% of FLT's TTV (AU & NZ).
I think there's a message there.
How will the latest gov stimus help FLT, page-25
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$20.70 |
Change
0.165(0.80%) |
Mkt cap ! $4.606B | |||
| Open | High | Low | Value | Volume |
| $20.62 | $20.91 | $20.56 | $13.63M | 657.1K |
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| No. | Vol. | Price($) |
|---|---|---|
| 16 | 1150 | $20.69 |
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| Price($) | Vol. | No. |
|---|---|---|
| $20.70 | 881 | 14 |
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