HONG KONG, March 14 /PRNewswire/ - Today, www.WorldStreetFundamentals.com released its industry report highlighting MoneyGram International, Inc. (NYSE:MGI) and The Western Union Company (NYSE:WU). Investors from around the world are invited to view fundamental and technical analysis at www.WorldStreetFundamentals.com/Reports.php.
Secure and convenient transfers of funds are quickly gaining importance in the economic planning of major developing economies. Hand in hand increases to demand and enabling technologies have introduced a new territory to the remittance industry. Globalization and a more open approach to acquisition of manpower from across international borders have created a strong market phenomenon: the transfer of wealth back to origin countries. Technological advances have enabled companies to meet this demand with global remittance services. According to the World Bank, the global remittance market reported a decline of 6.5% in 2009 in response to recent economic downturn. However it is anticipated that the global remittance market will grow at a rate of 9.2% during 2010-2011, as the global economy recovers.
World Street Fundamentals has highlighted MoneyGram International, Inc. for its recent recapitalization with THL and Goldman Sachs. Capital structure was simplified and dilution halted from preferred stock terms making a strong case for the attractiveness of its common stock to new investors. A new senior secured credit facility allows MoneyGram to benefit from favorable credit market terms and extend current senior secured credit maturities. MoneyGram is well positioned in a dynamic global industry and looks to build momentum of this transaction. To read the report on MoneyGram International, Inc. (NYSE:MGI), click here: www.WorldStreetFundamentals.com/ViewFullReport.MGI.php.
World Street recognizes The Western Union Company for its strong 2010 fiscal year. Consumer-to-consumer revenue trends accelerated, including turnaround within U.S. domestic money transfers. Western Union generated $1 billion in cash flow from operations, and returned $750 million to shareholders through stock repurchase and dividends during fiscal year 2010. The company is focused on key strategic priorities of growing retail channels, expanding electronic channels, developing product portfolio, and improving processes and productivity. To read the report on The Western Union Company (NYSE:WU), click here: www.WorldStreetFundamentals.com/ViewFullReport.WU.php.
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SOURCE World Street Fundamentals