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Green Dot CorpGDOTPAST TOP PICKJun 06, 2014Stock price when the opinion was issued
As of Jun 12, 2026. Market Open.
Largest provider of prepaid debit cards in the US. Their main customer is Wal-Mart. There were some concerns that they would have troubles in the business with the expiry of their Wal-Mart contract in 2015. One of the steps they have taken is by just completing a deal with GE Capital where Greendot, in one of their other businesses, will manage the Wal-Mart credit card program, so if anything, they have enhanced their relationship. Trades at about 15X earnings and has about $5 a share in cash. Earnings growth is projected to be in the 18%-20% area.
(A Top Pick July 5/13. Down 3.47%.) Provides prepaid debit card to a number of retailers in the US. Their biggest customer is Wal-Mart (WMT-N). Ran into some problems on their 4th quarter report, but the next one was fairly decent. Getting closer to 2015, the Wal-Mart contract comes up, so there is some concern that it may not be renewed. A Hold at these valuation levels.