Have to agree with you re the saturation that is happening with ATM's. Having said that CUS ATM"s in the norm are in premium locations. Many of CUS ATM's are also bank branded for which they get a monthly fee. As more ATM''s are rolled out the pressure increases on smaller and less cost efficient deployers who now would be knocking on CUS door asking to be bought out. The fact CUS has not taken any out yet means the price is not low enough or the locations are poor. I actually see the main threat to ATM's from retailers asking if you want "cash out". Industry consolidation is definitely on the cards and I've often mused if the ACCC would let Cashcard and CUS merge to have over 40% of the market. Surprised buy back has stopped given these bargain basement prices..
CUS Price at posting:
$2.57 Sentiment: Buy Disclosure: Held
