Posts for Ticker ‘PAY’

Top Day Trader Alerts (BP, FNM, FRE, JOYG, DXO, TSEM, PAY, VG)

These are this Tuesday’s top day trader and active trader alert stocks.  We have links through to each with more detailed price/volume analysis over at VSinvestor.com:

BP PLC (NYSE: BP) is up big by over 3% for an oil giant pre-market after a big oil discovery in the Gulf of Mexico.

Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are getting hit hard again this morning, but this time of the Mortgage Bankers Association recommending for Congress to effectively dump these in favor of a new program.

Joy Global, Inc. (NASDAQ: JOYG) is trading higher by over 4% on high volume after beating earnings handily.

PowerShares DB Crude Oil Double Long Exchange Traded Notes (NYSE: DXO) is going to be closed down and will disappear and holders are selling since it won’t trade normally with its benchmark.

Tower Semiconductor Ltd. (NASDAQ: TSEM) was up, but only marginally, after raising guidance.

VeriFone Holdings Inc. (NYSE: PAY) is surging and now everyone who bough since NOVE-2008 is profitable after earnings and after settling with the SEC.

Vonage Holdings (NYSE: VG) is trading up sharply and back above $2.00… yet again.  This is over the Apple App being approved, as should have been expected.

You can join our open email distribution list which goes out several times per week if you wish to be notified by email when the top day trader alerts hit, along with news of IPO’s, key offerings, guru investor data on Buffett and others, mergers, and more.

JON C. OGG
SEPTEMBER 2, 2009

Posted on: September 2, 2009 – 8:58 am in After-Hours Activity, Pre-Market Activity, Trading Alert, , , , , , , ,

The Unusual Suspects (ATVI, AIG, ALTH, TREE, GOOG, PAY, EXPO, WIRE, AXYS)

bull-and-bear-image2We have almost a whole new slate of stocks in this week’s round of “The Unusual Suspects” for key stocks traders need to keep an eye on for the week ahead.  Activision Blizzard Inc. (NASDAQ: ATVI) was singled out by Barron’s.  We ran a bit noting $100 as a possible target for American International Group Inc. (NYSE: AIG), and let’s just say that it was widely read.  Allos Therapeutics Inc. (NASDAQ: ALTH) has a key FDA ruling this coming week.  Tree.com, Inc. (NASDAQ: TREE) may have its model crushed by none other than Google Inc. (NASDAQ: GOOG).  And troubled VeriFone Holdings, Inc. (NYSE: PAY) has earnings due this coming week, right at a key stock inflection point.  Exponent Inc. (NASDAQ: EXPO) and Encore Wire Corp. (NASDAQ: WIRE) are S&P index additions as new entrants.  Axsys Technologies Inc. (NASDAQ: AXYS) also has a shareholder proxy date this week, and some think a higher buyout price may be in the works.  We have run key details and previews for all of these to watch in the coming week.

Read More »

Posted on: August 29, 2009 – 12:00 pm in Activist Investor, Analyst Calls, Biotech, Calendar, Charts, Earnings, Editor's Picks, FDA, Financial Stocks, Index, Internet, Mergers and Buy Outs, Rumors, Technology Companies, The Week, Video Games, , , , , , , , ,

Traders Tiptoe Into VeriFone (PAY)

money-stack-image8VeriFone Holdings Inc. (NYSE: PAY) is finally getting a look from traders this morning after the company’s earnings report.  The earnings were not without problems, and the guidance was not something many would deem as a point of beauty.

But VeriFone may finally be deemed safe after more than a year’s worth of major problems at the payment processing company.  After a 90% drop over the last two years and with its house mostly in order, it looks like traders are starting to nibble here.

Read More »

Posted on: March 4, 2009 – 8:49 am in Earnings, Trading Alert,

The 52-Week Low Club (GOOG)(AAPL)(BAC)(F)(GM)(C)(CLWR)(PLD)(JNY)(STP)

Sad_clownVerifone (PAY) JP Morgan cut rating. Drops to $2.38 from 52-week high of $48.61.

Suntech (STP) Forecast below Wall St. estimates. Down to $5.60 from 52-week high of $90.

Jones Apparel (JNY) Part of retail sector sell-off. Sells off to $2.34 from 52-week high of $22.12.

Prologis (PLD) CEO is out and so are lots of employees. Falls to $2.25 from 52-week high of $71.79.

Clearwire (CLWR) Bad reaction to partnership with Sprint (S). Down to $3.77 from 52-week high of $18.26.

Citigroup (C) Investors still concerned about bank’s viability. Plunges to $4.39 from 52-week high of $35.29.

GE (GE) may be looking to raise money overseas. Later report denies it Down to $12.58 from 52-week high of $38.67.

GM (GM) Concerns about Chapter 11. Drops to $1.70 from 52-week high of $29.95.

Ford (F). Ditto. Drops to $1.01 from 52-week high of $8.79.

Bank of America (BAC) Market expects more losses and perhaps need for more capital. Sells down to $11 from 52-week high of $47.

Apple (AAPL) Could be its first rough holiday season in five years. Falls off to $80 from 52-week high of $202.96.

Google (GOOG) Down to $259.04 from 52-week high of $724.80 on word that search ads are not recession-proof.

Douglas A. McIntyre 

Posted on: November 20, 2008 – 4:01 pm in HI/LOW, , , , , , , , , , ,

Early Bird Analyst Upgrades & Downgrades (CPHD, SCHW, DSX, GYMB, WIN, AMED, EGLE, NMM, SOL, PAY)

Money_stack_picThese are some of the top early bird analyst upgrades and downgrades we are seeing this Thursday morning:

  • Cepheid (CPHD) Started as Buy at Needham.
  • Charles Schwab (SCHW) Raised to Market Perform at FBR.
  • Diana Shipping (DSX) Raised to Overweight at JPMorgan.
  • Gymboree (GYMB) Raised to Overweight at JPMorgan.
  • Windstream (WIN) Raised to Overweight at JPMorgan.
  • AMEDISYS (AMED) Cut to Hold at Deutsche Bank.
  • Eagle Bulk Shipping (EGLE) Cut to Underweight at JPMorgan.
  • Navios Maritime Partners (NMM) Cut to Neutral at JPMorgan.
  • ReneSola Ltd. (SOL) Cut to Neutral at Credit Suisse.
  • Verifone (PAY) Cut to Underweight from overweight at JPMorgan.

Jon C. Ogg
November 20, 2008

Posted on: November 20, 2008 – 7:44 am in Analyst Calls, , , , , , , , , ,

Companies Not On SEC Short Sale Ban, But Should Be

Frankly, we think the ban on short sales is not the right way to run a free market.  But it doesn’t matter what we think.  These are the new rules, but they do not always make sense. Consider the stocks listed below that have many of the same issues as the financial companies but did not make the SEC’s list.

Read More »

Posted on: September 19, 2008 – 1:07 pm in Regulation, Short Interest, , , , , , , , , , ,

VeriFone’s Long Journey on the Rehab Trail (PAY)

Verifone_imageWe noticed a huge surge in activity over at Volume Spike this morning in shares of VeriFone Holdings Inc. (NYSE: PAY). You can thank the company finally giving a positive outlook and its cleaned-up accounting mess that has been a gorilla on its neck.  Verifone makes the point-of-sale terminals used to process credit and debit card transactions which you have likely seen at grocery stores or many other retail outlets.  As you read on, you might even determine that the worst is close to being finished.

Read More »

Posted on: August 20, 2008 – 8:38 am in Financial Stocks, Retail, SEC, Shareholder Issues, Turnarounds,

VeriFone Sets Do or Die Date With SEC (PAY)

VeriFone Holdings Inc. (NYSE: PAY) is seeing a rather solid recovery this morning early on, but the volume is rather light considering its past and shares have already pulled back nearly 5% from its post-open highs so far.

The company issued a release today with the announcement that it plans to FINALLY file its amended and restated financial reports as follows:

  • Quarterly report for January 31, 2007
  • Quarterly report for April 30, 2007
  • Quarterly report for July 31, 2007
  • Quarterly report for October 31, 2007
  • Quarterly report for January 31, 2008
  • Quarterly report for April 30, 2008
  • Annual report for the fiscal year ended October 31, 2007.

The troubled financial transaction processing terminal operator has set the do or die date of August 19, 2008 as the date it will make its filings with the Securities and Exchange Commission on August 19, 2008.

This stock has had a miserable time after it disclosed its issues in 2007 which would cause restatements over accounting issues.  To illustrate just how bad the pressure has been even after a 50% recover from lows, this stock’s 52-week trading range id $10.10 to $50.00.

Jon C. Ogg
July 28, 2008

Posted on: July 28, 2008 – 9:02 am in Financial Stocks, SEC,

The 52-Week Low Club (PAY)(GMST)(HRZ)(VRSO)

Verifone (PAY) Asking for credit waivers from banks. Down to $10.25 from 52-week high of $50.

Horizon Lines (HRZ) Drops outlook and gets broker downgrade. Falls to $10.66 from 52-week high of $36.55.

Verso Technologies (VRSO) Gets "going concern" opinion from accountants. All the way down to $.03 from 52-week high of $1.08.

Gemstar-Tv Guide (GMST) Resolution to patent lawsuit is not favorable to the company. Sells off to $4.03 from 52-week high of  $7.28.

Douglas A. McIntyre

Posted on: April 28, 2008 – 2:55 pm in HI/LOW, , , ,

The 52-Week Low Club (AAI, HRZ, IAR, LEE, NTGR, PAY, UCBH, VDSI)

Despite the recovery we have seen, many stocks are still hitting 52-week lows.  Some of the names this Friday were as follows, just keep in mind that not all of these actually closed on their lows:

  • AirTran Holdings (NYSE: AAI) traded under the $3.13 lows ($12.65 hi, ouch) late in the day.  Getting financing done at year lows…
  • Horizon Lines Inc. (NYSE: HRZ) down almost 20% to under the $12.38 lows from $36.55 year highs, ouch.  Container shipping and logistics.   
  • Idearc, Inc. (NYSE: IAR) actually touched its 52-week low of $3.40 down 90% from highs.  Who uses Yellow Pages & White Pages any more?  At least they’d make for cool flaming catapult artillery.
  • Lee Enterprises Inc. (NYSE: LEE) is an Iowa-based newspaper company.  Farmers too busy growing corn for ethanol to read about how bad ethanol really is.  55 daily newspapers around the country, but real estate ads and advertising slowdown isn’t helping an industry already losing readers. Claims 1.6 million daily and 1.88 million Sunday total circulation. The good news is that shares recovered late in the day after hitting $7.01 (prior range $7.13 to $27.81).
  • Netgear Inc. (NASDAQ; NTGR) after earnings drop under estimates. $16.55 late in day under the $18.15 to $41.33 52-week range.  When I bought my new computer last week with the multi-core processors I didn’t need any new networking equipment either.
  • Verifone (NYSE: PAY) is turning into the Boulevard of broken dreams.  Mark my words, there is value here in "the business" but that means zilch, nothing, and zero as far as whether or not that stock continues to implode. 
  • UCBH Holdings, Inc. (NASDAQ: UCBH) down 11% late in day at $6.34 as loss provisions rise and company slashes its targets; under $6.88 to $20.22 range; operates as the bank holding company for United Commercial Bank based in San Francisco with locations in 6 states and spread around Asia to facilitate international clients and trade.
  • Vasco Data Security (NASDAQ: VDSI) down a second day after revenues miss targets.  Was $9.64 late in day, under the $10.10 to $44.25 52-week trading range.  Quadruple ouch.

As a reminder, stocks that appear on the list of 52-week lows often keep hitting 52-week lows.  Many problems aren’t only one-day events. 

But all tongue in cheek commentary aside, many value managers actually use the 52-week lows list for stock screening candidates as value and turnaround stocks.  Just because a stock is on a low, doesn’t mean value cant be found by some.

Jon C. Ogg
April 25, 2008

Jon Ogg is an editor and producer of the "10 Stocks Under $10" weekly newsletter for 247Wallst.com.  He can be reached at jonogg@247wallst.com, and he does not own securities in the companies he covers.

Posted on: April 25, 2008 – 2:41 pm in HI/LOW, , , , , , , ,

VeriFone Seeks Credit Waivers (PAY)

VeriFone Holdings, Inc. (NYSE: PAY) made an SEC filing showing that its wholly owned subsidiary, VeriFone, Inc., has scheduled a meeting with the lenders party to its Credit Agreement that was dated as of October 31, 2006, as amended by a First Amendment dated as of January 25, 2008.

The borrower, VeriFone Intermediate Holdings, Inc., JPMorgan Chase Bank, N.A., as Administrative Agent and Swing Line Lender and as an L/C Issuer, Bank Leumi USA and Wells Fargo Bank, N.A., as Co-Documentation Agents, Lehman Commercial Paper Inc., as Syndication Agent, and the lenders from time to time as party thereto.

Verifone has scheduled this meeting to seek a further amendment and waiver to the Credit Agreement that would provide it with an additional extension of time to comply with its obligations to furnish amended financial statements for the fiscal quarters ended January 31, 2007, April 30, 2007 and July 31, 2007, annual audited financial statements for the fiscal year ended October 31, 2007 and subsequent quarterly financial statements.

Unfortunately, VeriFone has been having more than just troubles.  Shares are down about 1% today at $12.03, barely above the $11.70 low over the last 52-weeks.  If you want to see an illustration of pain, this stock traded as high as $50.00 last year.

We first advised readers to avoid jumping in after on that first major drop because the issues seemed worse than the company was letting on and drops of that magnitude almost never see a v-bottom reversal.  We have reviewed this one over and over for our own Special Situations newsletter, but the problems have so far been to great to call an all-clear sign.  Using any traditional analysis on this company is currently impossible, so anyone wanting to evaluate the stock has to first start with the value of its entire payment transaction network, and then go in and back out the full liabilities plus an interpretation of how much it’s going to probably have to fork over for all the investor suits and potential fines. The translation for that is "financial voodoo."

You can join our open email distribution list to hear about key calls, buybacks, IPO’s, special financings, restructurings and more.

Jon C. Ogg
April 18, 2008

Jon Ogg is a producer and editor of the Special Situation newsletter and the "10 Stocks Under $10" weekly newsletter for 247Wallst.com.

Posted on: April 18, 2008 – 10:57 am in Business Services, , , ,

NYSE Delisting Candidates, Headed To The Pink Sheets?

With the sudden delisting of the Journal Register, it is interesting to look at who else is on the NYSE list of companies who could get delisted. The NYSE is generally very good about this and lets the companies have time to get into compliance. Below are the lists. They are grouped based on why the NYSE has problems with them.

Issuers that are noncompliant with its quantitative and corporate governance listing standards:

Fremont General Corporation (FMT)

Fremont General Financing I (FMTPR)

Impac Mortgage Holdings, Inc. (IMH)

Impac Mortgage Holdings, Inc. (IMHPRB)

Impac Mortgage Holdings, Inc. (IMHPRC)

Journal Register Co. (JRC)

Luminent Mortgage Capital, Inc. (LUM)

Medifast, Inc. (MED)

Milacron Inc. (MZ)

NIS GROUP CO., LTD. (NIS)

Scottish Re Group Limited (SCT)

Scottish Re Group Limited (SCTPRB)

Sun-Times Media Group, Inc. (SVN)

Zarlink Semiconductor, Inc. (ZL)

Companies as delayed in filing both Annual and Interim Reports:

Beazer Homes USA, Inc. (BZH)
Diebold, Incorporated (DBD)
International Rectifier Corporation (IRF)
Penn Treat American Corporation. (PTA)

Sunrise Senior Living, Inc. (SRZ)
Symmetry Medical Inc. (SMA)
VeriFone Holdings, Inc. (PAY)
W Holding Company, Inc. (WHI)
WellCare Health Plans, Inc. (WCG)

Companies as delayed in filing an Annual Report:

China Yuchai International Limited (CYD)
Fremont General Corporation. (FMT)
Fremont General Financing I (FMTPR)
Impac Mortgage Holdings, Inc. (IMH)
    Impac Mortgage Holdings, Inc. (IMHPRB)
    Impac Mortgage Holdings, Inc. (IMHPRC)
Mesa Royalty Trust (MTR)
Schawk, Inc. (SGK)

Some firms make it on to more than one list, and some, like JRC and FMT, have already left for the "pink sheets"

Douglas A. McIntyre

Posted on: April 17, 2008 – 9:10 am in Exchange News, , , , , , , , , , , , , , , , , , , ,

The 52-Week Low Club (SGP)(PAY)(DEEP)

Superior Offshore (DEEP) Company warns of liquidity problems. Down to $1.20 from 52-week high of $19.58.

Medarex (MEDX) Pfizer ends joint drug trial. Sells off to $7.44 from 52-week high of $18.23.

Crocs (CROX) Downgrade by JP Morgan. Falls to $15.53 from 52-week high of $75.21.

Riverbed Technology (RVBD) No big, bad news. Stock down to $13.62 from 52-week high of $52.81.

Verifone (PAY) CFO is out after restatement. Shares drop to $12.65 from 52-week high of $50.

Schering-Plough (SGP) Fitch downgrades after negative comment on key drug product. Falls to $13.91 from 52-week high of $33.81.

Douglas A. McIntyre

Posted on: April 2, 2008 – 2:45 pm in HI/LOW, , , , , ,

The Beatings Continue At VeriFone (PAY)

VeriFone Holdings Inc. (NYSE: PAY) saw shares crushed on the debut of 2008 as the company issued a year-end statement noting that its ongoing restatement process will cause a delay in its annual report.  Shares closed out 2007 at $23.25, so even with a very weak stock market the drop down to $19.81 you can’t exactly blame this on other issues.  The sad part is that this likely isn’t the end of it.

Back on December 3, 2007 after this saw its worst one day drop ever, 247WallSt.Com noted "We caution against believing that these huge drops are immediate buying opportunities because these historically only pop a bit before drifting lower."  Shares opened under $30 that day and then fell to $25.50 early that day.  They are now under $20.00.

Even a 46% drop doesn’t make something cheap when the problems are still heading its way, and that holds true even with another 20% peeled off since then.  Until you have a clear picture of just how bad these restatements are and until you can see the real picture the old highs are irrelevant.  This is what happens when investors cannot use the balance sheet and cannot use the income statement to glimmer anything finite.

The beatings are likely to continue, maybe even after morale improves.

Jon C. Ogg
January 3, 2008

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Posted on: January 3, 2008 – 6:28 am in Restatements, ,

The 52-Week Low Club

Verifone (PAY) Accounting problems still taking shares down. Falls to $19.57 from 52-week high of $50.

Blockbuster (BBI) Concerns about postal costs. Down to $2.99 from 52-week high of $7.30.

Williams Partners (WPZ) Brings new stock offering to market. Falls to $36.95 from 52-week high of $50.

UTI Worldwide (UTIW) Loses deal with Wal-Mart (WMT). Trades down to $18.40 from 52-week high of $32.

Zumiez (ZUMZ) Poor same-store sales. Falls to $24.95 from 52-week high of $53.99.

Savvis (SVVS) Drops outlook for next quarter. Drops to $27.68 from 52-week high of $53.47

Douglas A. McIntyre

Posted on: December 6, 2007 – 4:31 pm in HI/LOW, , , , , ,

The 52-Week Low Club (AMD)(CMCSA)(DNA)

MBIA (MBI) Downgrade by Moody’s. Falls to $25.84 from 52-week high of $76.02.

Genentech (DNA) FDA rejects key drug. Drops to $65.54 from 52-week high of $89.73.

AMD (AMD) More analyst concerns. Down to $8.83 from 52-week high of $23.

VeriFone (PAY) Still falling on bad accounting news. Down to $22.59 from 52-week high of $50.

AMR (AMR) High fuel prices put airlines out of favor. Drops to $18.36 from 52-week high of $41.

Comcast (CMCSA) Revises current year forecasts down. Falls to $18.08 from 52-week high of $30.18.

Douglas A. McIntyre

Posted on: December 5, 2007 – 4:11 pm in HI/LOW, , , , , ,

Top 10 Pre-Market Analyst Calls (ATVI, ALTH, BHI, BSC, GS, LEH, COO, CEPH, MRVL, TIF, PAY, XMSR)

These are not the only impact-calls affecting stocks from analysts in pre-market trading, but these are the ones that 24/7 Wall St. is focusing on:

  • Activision (ATVI) raised to Overweight at Lehman.
  • Allos Therapeutics (ALTH) started as Buy at Banc of America.
  • Baker Hughes (BHI) started as Buy at Oppenheimer.
  • Bear Stearns (BSC), Goldman Sachs (GS) & Lehman Bros. all downgraded to Sell from Market Perform at Punk Ziegel.
  • CNOOC Ltd. (COO) downgraded to Neutral from Outperform at Credit Suisse.
  • Cephalon (CEPH) raised to Outperform at FBR.
  • Marvell Tech (MRVL) reinitiated with coverage at Buy at Merrill Lynch.
  • Tiffany & Co. (TIF) downgraded to Neutral from Buy at Banc of America.
  • VeriFone (PAY) downgraded to Neutral at Merrill Lynch.
  • XM Satellite Radio downgraded to SELL at Goldman Sachs.

Jon C. Ogg
December 4, 2007

Posted on: December 4, 2007 – 8:09 am in Analyst Calls, , , , , , , , , , , ,

The 52-Week Low Club

Verifone (PAY) Company says it will restate results. Down to $23.67 from 52-week high of $50.

Bearingpoint (BE) CEO leaves. Big quarterly loss. Falls to $2.65 from 52-week high of $8.56.

Blockbuster (BBI) No signs that people will ever rent movies from stores again. Drops to $3.39 from 52-week high of $7.30.

ParkerVision (PRFR) Negative piece in Barron’s. Trades off to $7 from 52-week high of $16.

Borland Software (BORL) Not any news, just a dead stock getting deader. Down to $2.97 from 52-week high of $6.22.

Douglas A. McIntyre

Posted on: December 3, 2007 – 4:00 pm in HI/LOW, , , , ,

Options Traders Knew Something Fishy At VeriFone (PAY)

We’ve already covered the reasons behind the monumental share price drop being seen at VeriFone (NYSE:PAY).  But what is interesting is that it really looks like the options traders must have known something horrible was coming.  If they didn’t know something wicked this way comes then they are the luckiest trades around.

We do not look at the trading in options after an event, but we do look closely at the open interest of options contracts.  Low and behold, the open interest in the near-month(s) PUTS are much greater than the open interest of the CALL options.

DECEMBER 21, 2007 EXPIRATION DATES:

  • $45, $50, & $55 CALLS had 4,095 contracts in the open interest.
  • $40 PUTS had 3,353 contracts in the open interest and $45 puts had 3,272 contracts in the open interest.

JANUARY 18, 2008 EXPIRATION CALLS:

  • $40, $45, & $50 strikes all combined only had an open interest of 5,475 contracts.

JANUARY 18, 2008 EXPIRATION PUTS

  • $30.00 strike 6,266 contracts in the open interest.
  • $35.00 strike 5,080 contracts in the open interest.

When you consider the shares were north of $48.00 on Friday, you’d know that the put options at $30 and $35 were way out of the money before the news.  These might not be large enough to throw up major red flags after the fact, particularly since the shares had risen so much over the last 90 days.  But when you go back and look at the open interest after the fact, this stands out like a sore thumb.

We’ll be updating additional data on VeriFone in the coming days on our open email distribution list.  We never gave this much of a review for our subscriber-based Special Situation Investing Newsletter because the run-up had been too much and the valuations were excessive, but this may demand a more concise review for subscribers after the dust settles down here in the coming days to weeks.

Jon C. Ogg
December 3, 2007

Posted on: December 3, 2007 – 10:12 am in Options,

VeriFone Does The Unthinkable (PAY)

VeriFone (NYSE:PAY) is seeing shares crushed today after the company issued a release stating that it was going to restate financial results and quarterly financial statements for 2007.  This is due to errors in accounting related to the valuation of in-transit inventory and its allocation of manufacturing and distribution overhead to inventory that affects the cost of revenues.

Its revenue forecast for Q4 actually looks above plan, but the results are being delayed and no one wants to trust a company that restates recent results.

It is under a planned share sale under a 10b5-1 plan, but the CEO sold 43,300 shares just last week and that will bring additional criticism over the timing of this news.  This will draw additional fire today.

This seems to be the worst drop in the share price in memory.  "Accounting irregularities" and "sudden financial restatements" are never good things to hear.  We caution against believing that these huge drops are immediate buying opportunities because these historically only pop a bit before drifting lower.  That being said, we do expect that some who have been waiting for a chance to buy the stock after its huge run since early 2005 may have a hard time resisting the decision to buy shares. 

VeriFone shares opened down huge at just under $30.00, and now shares are down 46% at $25.50 in early trading.  Morgan Keegan was the first of the firms to downgrade this almost 60 days ago, but you can expect the other analysts may have to bail on backing a company after a blunder like this.  VeriFone makes the credit and debit card transaction swipe machines you use at the grocery store and elsewhere. 

Jon C. Ogg
December 3, 2007

Posted on: December 3, 2007 – 9:49 am in Accounting, Financial Stocks, Restatements, SEC, ,