We have seen this play out many times. Incredible quarterly results. Sharp price rally and then big selling in the mid 3s (my suspicion is it vendors of previous acquisitions so that may pass in time).
The elephant in the room of course is that cash is losing it's position as a payment mechanism (see India removing large notes to fight tax evasion and illegal activity, also things like pay pass making credit payments so much quicker).
The market seems to be saying that these growth rates are temporary.
If cash usage does start to decline, STL will struggle to keep up these growth rates. However I'm holding the majority of my holding as it is just to cheap on these numbers.
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