Cardtronics plc

Thesis

The short thesis for Cardtronics is based on declining cash usage, limited growth opportunities, and the loss of its largest customer, which will increase competition. The company is trading near its 52-week high and is overvalued at 25x FY16E earnings, with a target price of $30.3, indicating a 36% downside.

Did it work?

Not yet analyzed

No outcome has been scored for this pitch yet, so there's no verdict to show.