Let’s talk about FleetCor Technologies (NYSE:FLT).
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The company deals with fuel cards, processing, electronic payment and gift cards. They have 20,000 customers all over the world. I really like this one a lot.
I will tell you, the last time they reported, they had a little bit of pressure from their marketing commissions and some other things. Net income went down slightly. But still at 32%, I actually think it's fantastic
They've been in an acquisitions spree. They recently made a real big deal to acquire Comdata for $3.4 billion. Right now, they probably enable $55 billion a year in transactions. I think it's going to continue to do extraordinarily well. They also do cards for the lodging industry and the food industry in 43 countries.
Right now, technically I see a breakout at $150. My target is $175.