TSYS announced Q2 2015 (March 31, 2015) earnings after the close last night
Revenues were $87.9 million, up from $81.9 million last year and adjusted EPS was $.05 compared to $.04 last year. Overall an OK quarter-again. Our valuation was $5.78 down from $6.12 last year and up from $5.43 last quarter. TSYS is trading at 64% of our valuation.
We are now waiting on the outcome of their “strategic alternatives” investigation with Lazard. Shares closed at $3.70 on 7/30/2015. This is still a HOLD. We are up 170% on TSYS