Western Union: More Incremental Progress

Filed under: Western Union (WU), Stocks to Buy

Money transfer service Western Union (WU), first discussed here on July 9, 2009, at a price of $16.49, continues to see its stock grind higher, and I still like the shares.

Western Union will likely generate 3% to 5% revenue growth in 2011, after a modest 1% to 2% rise in 2010.

The better 2011 performance is expected because the recession in construction work, which reduced day-labor demand for money transfer services, appears to have ended, and the sector is recovering slowly, like Western Union's stock price.

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Western Union: More Incremental Progress originally appeared on BloggingStocks on Sun, 23 Jan 2011 14:10:00 EST. Please see our terms for use of feeds.

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