Companies That Handle Cash Soar

An article in the WSJ reports that companies with revenue tied to the dispensing, handling and moving of physical cash have seen terrific share price performance:

“… [companies] such as ATM providers like Cardtronics or Diebold Nixdorf, or companies that transfer or protect cash, like Western Union or Brink’s, soared last year. Over the past year through Thursday, those four stocks on average are up 83%. That easily tops the average 39% gain for Mastercard, PayPal, Square and Visa.”

An interesting outcome when the investment community is otherwise so heavily focused on the digital transformation of banking.

contrarian investments
Source: Telis Demos | "Cash May Not Be King, but It’s Still Royalty" | The Wall Street Journal | 01/31/2020 | Visit