Intrinsic value of MoneyGram International - MGI

Previous Close

$6.30

  Intrinsic Value

$264.06

stock screener

  Rating & Target

str. buy

+999%

Previous close

$6.30

 
Intrinsic value

$264.06

 
Up/down potential

+999%

 
Rating

str. buy

We calculate the intrinsic value of MGI stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.4

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  1,634
  1,672
  1,715
  1,763
  1,816
  1,875
  1,939
  2,008
  2,082
  2,162
  2,248
  2,339
  2,436
  2,539
  2,649
  2,765
  2,888
  3,018
  3,155
  3,300
  3,453
  3,614
  3,784
  3,964
  4,152
  4,351
  4,560
  4,780
  5,012
  5,255
Variable operating expenses, $m
  1,545
  1,580
  1,620
  1,665
  1,715
  1,769
  1,829
  1,893
  1,962
  2,037
  2,090
  2,175
  2,266
  2,362
  2,463
  2,571
  2,686
  2,807
  2,934
  3,069
  3,211
  3,361
  3,520
  3,686
  3,862
  4,046
  4,241
  4,446
  4,661
  4,887
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  1,545
  1,580
  1,620
  1,665
  1,715
  1,769
  1,829
  1,893
  1,962
  2,037
  2,090
  2,175
  2,266
  2,362
  2,463
  2,571
  2,686
  2,807
  2,934
  3,069
  3,211
  3,361
  3,520
  3,686
  3,862
  4,046
  4,241
  4,446
  4,661
  4,887
Operating income, $m
  89
  91
  94
  98
  102
  106
  110
  115
  120
  126
  157
  164
  170
  178
  185
  193
  202
  211
  221
  231
  242
  253
  265
  277
  291
  304
  319
  335
  351
  368
EBITDA, $m
  614
  628
  644
  662
  682
  704
  728
  754
  782
  812
  844
  878
  915
  953
  995
  1,038
  1,084
  1,133
  1,185
  1,239
  1,297
  1,357
  1,421
  1,488
  1,559
  1,634
  1,712
  1,795
  1,882
  1,973
Interest expense (income), $m
  42
  3
  3
  4
  4
  4
  4
  4
  4
  4
  4
  5
  5
  5
  5
  5
  6
  6
  6
  6
  7
  7
  7
  8
  8
  8
  9
  9
  10
  10
  11
Earnings before tax, $m
  85
  88
  91
  94
  98
  102
  106
  111
  116
  121
  153
  159
  166
  173
  180
  188
  196
  205
  214
  224
  235
  246
  257
  269
  282
  296
  310
  325
  341
  357
Tax expense, $m
  23
  24
  25
  25
  26
  27
  29
  30
  31
  33
  41
  43
  45
  47
  49
  51
  53
  55
  58
  61
  63
  66
  69
  73
  76
  80
  84
  88
  92
  96
Net income, $m
  62
  64
  66
  69
  71
  74
  77
  81
  85
  89
  111
  116
  121
  126
  131
  137
  143
  150
  157
  164
  171
  179
  188
  197
  206
  216
  226
  237
  249
  261

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  -1,363
  -1,394
  -1,430
  -1,470
  -1,515
  -1,564
  -1,617
  -1,675
  -1,737
  -1,803
  -1,875
  -1,951
  -2,032
  -2,118
  -2,209
  -2,306
  -2,409
  -2,517
  -2,631
  -2,752
  -2,880
  -3,014
  -3,156
  -3,306
  -3,463
  -3,629
  -3,803
  -3,987
  -4,180
  -4,383
Adjusted assets (=assets-cash), $m
  -1,363
  -1,394
  -1,430
  -1,470
  -1,515
  -1,564
  -1,617
  -1,675
  -1,737
  -1,803
  -1,875
  -1,951
  -2,032
  -2,118
  -2,209
  -2,306
  -2,409
  -2,517
  -2,631
  -2,752
  -2,880
  -3,014
  -3,156
  -3,306
  -3,463
  -3,629
  -3,803
  -3,987
  -4,180
  -4,383
Revenue / Adjusted assets
  -1.199
  -1.199
  -1.199
  -1.199
  -1.199
  -1.199
  -1.199
  -1.199
  -1.199
  -1.199
  -1.199
  -1.199
  -1.199
  -1.199
  -1.199
  -1.199
  -1.199
  -1.199
  -1.199
  -1.199
  -1.199
  -1.199
  -1.199
  -1.199
  -1.199
  -1.199
  -1.199
  -1.199
  -1.199
  -1.199
Average production assets, $m
  4,992
  5,107
  5,238
  5,385
  5,549
  5,728
  5,923
  6,134
  6,362
  6,606
  6,867
  7,146
  7,442
  7,758
  8,092
  8,447
  8,822
  9,219
  9,639
  10,082
  10,549
  11,042
  11,561
  12,109
  12,685
  13,292
  13,931
  14,603
  15,310
  16,054
Working capital, $m
  -4,667
  -4,774
  -4,897
  -5,035
  -5,187
  -5,355
  -5,537
  -5,734
  -5,947
  -6,175
  -6,420
  -6,680
  -6,957
  -7,252
  -7,565
  -7,897
  -8,248
  -8,619
  -9,011
  -9,425
  -9,862
  -10,322
  -10,808
  -11,320
  -11,859
  -12,426
  -13,023
  -13,652
  -14,313
  -15,008
Total debt, $m
  64
  66
  67
  69
  71
  73
  76
  79
  82
  85
  88
  92
  95
  100
  104
  108
  113
  118
  124
  129
  135
  142
  148
  155
  163
  171
  179
  187
  196
  206
Total liabilities, $m
  64
  66
  67
  69
  71
  73
  76
  79
  82
  85
  88
  92
  95
  100
  104
  108
  113
  118
  124
  129
  135
  142
  148
  155
  163
  171
  179
  187
  196
  206
Total equity, $m
  -1,427
  -1,460
  -1,497
  -1,539
  -1,586
  -1,637
  -1,693
  -1,753
  -1,818
  -1,888
  -1,963
  -2,042
  -2,127
  -2,217
  -2,313
  -2,414
  -2,522
  -2,635
  -2,755
  -2,882
  -3,015
  -3,156
  -3,305
  -3,461
  -3,626
  -3,799
  -3,982
  -4,174
  -4,376
  -4,589
Total liabilities and equity, $m
  -1,363
  -1,394
  -1,430
  -1,470
  -1,515
  -1,564
  -1,617
  -1,674
  -1,736
  -1,803
  -1,875
  -1,950
  -2,032
  -2,117
  -2,209
  -2,306
  -2,409
  -2,517
  -2,631
  -2,753
  -2,880
  -3,014
  -3,157
  -3,306
  -3,463
  -3,628
  -3,803
  -3,987
  -4,180
  -4,383
Debt-to-equity ratio
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
Adjusted equity ratio
  1.047
  1.047
  1.047
  1.047
  1.047
  1.047
  1.047
  1.047
  1.047
  1.047
  1.047
  1.047
  1.047
  1.047
  1.047
  1.047
  1.047
  1.047
  1.047
  1.047
  1.047
  1.047
  1.047
  1.047
  1.047
  1.047
  1.047
  1.047
  1.047
  1.047

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  62
  64
  66
  69
  71
  74
  77
  81
  85
  89
  111
  116
  121
  126
  131
  137
  143
  150
  157
  164
  171
  179
  188
  197
  206
  216
  226
  237
  249
  261
Depreciation, amort., depletion, $m
  525
  536
  549
  564
  580
  598
  618
  639
  662
  686
  687
  715
  744
  776
  809
  845
  882
  922
  964
  1,008
  1,055
  1,104
  1,156
  1,211
  1,268
  1,329
  1,393
  1,460
  1,531
  1,605
Funds from operations, $m
  587
  600
  616
  633
  652
  673
  695
  720
  746
  775
  798
  831
  865
  902
  941
  982
  1,025
  1,072
  1,120
  1,172
  1,226
  1,283
  1,344
  1,407
  1,474
  1,545
  1,619
  1,697
  1,780
  1,866
Change in working capital, $m
  -92
  -107
  -123
  -138
  -153
  -167
  -182
  -197
  -213
  -228
  -244
  -261
  -277
  -295
  -313
  -332
  -351
  -371
  -392
  -414
  -437
  -461
  -486
  -512
  -539
  -567
  -597
  -628
  -661
  -695
Cash from operations, $m
  679
  708
  738
  771
  804
  840
  878
  917
  959
  1,003
  1,042
  1,091
  1,142
  1,197
  1,253
  1,313
  1,376
  1,443
  1,513
  1,586
  1,663
  1,744
  1,829
  1,919
  2,013
  2,112
  2,217
  2,326
  2,441
  2,562
Maintenance CAPEX, $m
  -489
  -499
  -511
  -524
  -539
  -555
  -573
  -592
  -613
  -636
  -661
  -687
  -715
  -744
  -776
  -809
  -845
  -882
  -922
  -964
  -1,008
  -1,055
  -1,104
  -1,156
  -1,211
  -1,268
  -1,329
  -1,393
  -1,460
  -1,531
New CAPEX, $m
  -97
  -115
  -131
  -147
  -163
  -179
  -195
  -211
  -227
  -244
  -261
  -279
  -297
  -315
  -335
  -355
  -375
  -397
  -419
  -443
  -467
  -493
  -519
  -547
  -576
  -607
  -639
  -672
  -707
  -744
Cash from investing activities, $m
  -586
  -614
  -642
  -671
  -702
  -734
  -768
  -803
  -840
  -880
  -922
  -966
  -1,012
  -1,059
  -1,111
  -1,164
  -1,220
  -1,279
  -1,341
  -1,407
  -1,475
  -1,548
  -1,623
  -1,703
  -1,787
  -1,875
  -1,968
  -2,065
  -2,167
  -2,275
Free cash flow, $m
  92
  94
  96
  99
  103
  106
  110
  114
  118
  123
  121
  126
  131
  137
  143
  150
  156
  164
  171
  179
  188
  196
  206
  216
  226
  237
  248
  261
  273
  287
Issuance/(repayment) of debt, $m
  1
  1
  2
  2
  2
  2
  3
  3
  3
  3
  3
  4
  4
  4
  4
  5
  5
  5
  5
  6
  6
  6
  7
  7
  7
  8
  8
  9
  9
  10
Issuance/(repurchase) of shares, $m
  -28
  -33
  -38
  -42
  -47
  -51
  -56
  -60
  -65
  -70
  -75
  -80
  -85
  -90
  -96
  -101
  -107
  -113
  -120
  -127
  -134
  -141
  -148
  -156
  -165
  -173
  -183
  -192
  -202
  -213
Cash from financing (excl. dividends), $m  
  -27
  -32
  -36
  -40
  -45
  -49
  -53
  -57
  -62
  -67
  -72
  -76
  -81
  -86
  -92
  -96
  -102
  -108
  -115
  -121
  -128
  -135
  -141
  -149
  -158
  -165
  -175
  -183
  -193
  -203
Total cash flow (excl. dividends), $m
  65
  62
  61
  59
  58
  57
  57
  56
  56
  56
  49
  50
  50
  51
  52
  53
  54
  55
  57
  58
  60
  62
  64
  66
  69
  71
  74
  77
  80
  84
Retained Cash Flow (-), $m
  28
  33
  38
  42
  47
  51
  56
  60
  65
  70
  75
  80
  85
  90
  96
  101
  107
  113
  120
  127
  134
  141
  148
  156
  165
  173
  183
  192
  202
  213
Prev. year cash balance distribution, $m
  1,399
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  1,492
  95
  98
  101
  105
  108
  112
  117
  121
  126
  124
  129
  135
  141
  147
  154
  161
  169
  177
  185
  194
  203
  213
  223
  233
  245
  257
  269
  282
  296
Discount rate, %
  0.00
  0.00
  0.00
  0.00
  0.00
  0.00
  0.00
  0.00
  0.00
  0.00
  0.00
  0.00
  0.00
  0.00
  0.00
  0.00
  0.00
  0.00
  0.00
  0.00
  0.00
  0.00
  0.00
  0.00
  0.00
  0.00
  0.00
  0.00
  0.00
  0.00
PV of cash for distribution, $m
  1,492
  95
  98
  101
  105
  108
  112
  117
  121
  126
  124
  129
  135
  141
  147
  154
  161
  169
  177
  185
  194
  203
  213
  223
  233
  245
  257
  269
  282
  296
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

MoneyGram International, Inc. (MoneyGram) is a global provider of money transfer services. The Company operates through two segments: Global Funds Transfer and Financial Paper Products. The Company offers its services under the MoneyGram brand. The Company's Global Funds Transfer Segment provides money transfer services and bill payment services primarily to unbanked and underbanked consumers. The Financial Paper Products Segment provides money orders to consumers through its agents and financial institutions located across the United States and Puerto Rico. The Company's offerings include money transfers, bill payment services, money order services and official check processing. The Company's money transfer services enable its consumers to send and receive funds across the world through its global network of locations. The Company also offers Digital/Self-Service solutions, such as moneygram.com, mobile solutions, account deposit and kiosk-based services.

FINANCIAL RATIOS  of  MoneyGram International (MGI)

Valuation Ratios
P/E Ratio 20.8
Price to Sales 0.2
Price to Book -1.6
Price to Tangible Book
Price to Cash Flow 2.8
Price to Free Cash Flow 9.5
Growth Rates
Sales Growth Rate 5.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -24.5%
Cap. Spend. - 3 Yr. Gr. Rate 11.1%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity -439.9%
Total Debt to Equity -439.9%
Interest Coverage 2
Management Effectiveness
Return On Assets 0.7%
Ret/ On Assets - 3 Yr. Avg. 1.3%
Return On Total Capital 2.2%
Ret/ On T. Cap. - 3 Yr. Avg. 0.4%
Return On Equity -7.4%
Return On Equity - 3 Yr. Avg. -8.3%
Asset Turnover 0.4
Profitability Ratios
Gross Margin 51.2%
Gross Margin - 3 Yr. Avg. 50.9%
EBITDA Margin 10.1%
EBITDA Margin - 3 Yr. Avg. 8.7%
Operating Margin 5.4%
Oper. Margin - 3 Yr. Avg. 3.7%
Pre-Tax Margin 2.6%
Pre-Tax Margin - 3 Yr. Avg. 1.8%
Net Profit Margin 1%
Net Profit Margin - 3 Yr. Avg. 0.2%
Effective Tax Rate 62.8%
Eff/ Tax Rate - 3 Yr. Avg. -33.8%
Payout Ratio 0%

MGI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MGI stock intrinsic value calculation we used $1602 million for the last fiscal year's total revenue generated by MoneyGram International. The default revenue input number comes from 2017 income statement of MoneyGram International. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our MGI stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 0%, whose default value for MGI is calculated based on our internal credit rating of MoneyGram International, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of MoneyGram International.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of MGI stock the variable cost ratio is equal to 94.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for MGI stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for MoneyGram International.

Corporate tax rate of 27% is the nominal tax rate for MoneyGram International. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the MGI stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for MGI are equal to 305.5%.

Life of production assets of 10 years is the average useful life of capital assets used in MoneyGram International operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for MGI is equal to -285.6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $0 million for MoneyGram International - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 63 million for MoneyGram International is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of MoneyGram International at the current share price and the inputted number of shares is $0.4 billion.

RELATED COMPANIES Price Int.Val. Rating
WU Western Union 20.28 160.26  str.buy
PYPL PayPal Holding 87.47 136.68  str.buy
EEFT Euronet Worldw 85.92 131.50  str.buy
HAWK Blackhawk Netw 45.15 185.56  str.buy
QIWI QIWI ADR 16.07 71.31  str.buy
WMT Walmart 88.06 68.29  sell
GDOT Green Dot Cl A 81.71 122.66  str.buy
FIS Fidelity Natio 108.90 58.64  sell

COMPANY NEWS

▶ How to Fill Out a Money Order: 5 Simple Steps   [Jul-18-18 12:16PM  TheStreet.com]
▶ MoneyGram to Release Second Quarter 2018 Results   [Jul-10-18 04:30PM  PR Newswire]
▶ [$$] Rakuten invests in UK payments group Azimo   [May-28-18 11:00PM  Financial Times]
▶ MoneyGram: 1Q Earnings Snapshot   [May-08-18 05:06AM  Associated Press]
▶ MoneyGram to Release First Quarter 2018 Results   [May-01-18 04:15PM  PR Newswire]
▶ MARKETS: Now it's the US dollar threatening to derail stocks   [Apr-23-18 10:54AM  Yahoo Finance Video]
▶ Yahoo Finance Live: Midday Movers - Apr 18th, 2018   [09:40AM  Yahoo Finance Video]
▶ What the Heck Is Wrong With Ripple?   [Apr-06-18 03:07PM  Motley Fool]
▶ Walmart, MoneyGram Team Up to Send Money Worldwide   [Apr-03-18 01:20PM  InvestorPlace]
▶ Ripple's Biggest Competitor Isn't Ethereum -- It's This   [Mar-29-18 07:51AM  Motley Fool]
▶ 5 Cryptocurrencies With More Promise Than Bitcoin   [Mar-28-18 09:21AM  Motley Fool]
▶ MoneyGram reports 4Q loss   [Mar-16-18 04:43PM  Associated Press]
▶ Seven Cryptocurrencies That Pay Dividends   [Feb-15-18 09:53PM  Insider Monkey]
▶ 5 Brand-Name Companies Testing Ripple's Technology   [Feb-06-18 07:21AM  Motley Fool]
▶ Will China miss out on fintech-related investments?   [Jan-29-18 07:14PM  CNBC Videos]
▶ MoneyGram Announces Executive Appointments   [Jan-25-18 09:15AM  PR Newswire]
▶ Why IDT Corporation Stock Popped Today   [Jan-24-18 01:59PM  Motley Fool]
▶ MoneyGram.com Expands to France and Spain   [01:49PM  PR Newswire]
▶ The Top 3 Ripple Stocks   [Jan-22-18 09:36AM  Motley Fool]
▶ How the JD FinanceICBC Partnership Works   [02:47PM  Market Realist]
▶ Bitcoin and Ethereum Investors Run as Regulators Circle   [Jan-16-18 02:36PM  TheStreet.com]
▶ Are There Signs of a US-China Trade War this Year?   [Jan-15-18 04:55PM  Market Realist]
▶ Ripple's Recent Partnerships Fuel Crypto's Massive Spike   [Jan-13-18 09:26AM  TheStreet.com]
▶ MoneyGram opens office in Brussels   [04:42PM  Reuters]
▶ MoneyGram Gets in on the Cryptocurrency Craze   [Jan-11-18 07:43PM  Bloomberg Video]
▶ How Blockchain News Moved 3 Stocks Today   [07:05PM  Motley Fool]
▶ Delta, MoneyGram and DST Systems climb   [04:25PM  Associated Press]
▶ [$$] MoneyGram Signs Deal With Currency Startup Ripple   [11:18AM  The Wall Street Journal]
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.