Green Dot Corporation Definitely In The Green
Green Dot Corporation operates as a bank holding company that provides personal banking for the masses. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services. It also provides swipe reload system for crediting cash onto an enabled payment card by swiping the payment card at the point of sale through Green Dot Network.
Green Dot’s long-lasting relationship with Walmart acts as a key catalyst behind its operating revenue growth.
The company has been providing Walmart branded GPS cards since the launch of the Walmart MoneyCard program in 2007. Green Dot’s operating revenues that stemmed from products and services offered through Walmart represented 40%, 45% and 46% of total operating revenues for 2017, 2016 and 2015, respectively.
So, Green Dot has decided not putting all its eggs in one basket, Green Dot has invested in other (Bank As A Service) BaaS programs, including programs for Apple, Uber and Intuit.
To give you a couple of examples, Uber allows their drivers to have payment accounts where they can get paid whenever they want to do from their ride. That's powered by Green Dot's infrastructure. Apple Pay Cash, the peer-to-peer platform on Apple, is powered by Green Dot. Turbo Tax's pre-loaded debit cards with tax refunds are powered by Green Dot. Companies that need banking products and services, but don't want to become a bank themselves, use Green Dot.
Green Dot is a really interesting play, because they're targeting the people that use cash the most, so they have a huge addressable market there. Shares of Green Dot Corporation GDOT are up over 30% year to date.
Is there more upside, lets go to the charts to find out?
Monthly Chart (Curve Time Frame) - monthly demand is at $61 and $72.
Weekly Chart (Trend Time Frame) – the despite the recent selloff, the trend is still up.
Daily Chart (Entry Time Frame) – the chart suggest to buy price when it penetrates the daily demand zone at $78.50.
This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.
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by rollandthomas
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Interesting business model and even more interesting chart! If only they would add some blockchain I would be sold on it! Thanks for sharing!
LOL...that's a great idea.