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Stock Market & Financial Investment News

News Breaks
January 9, 2014
06:15 EDTUSATS.A.V.E. Partners calls on USA Technologies to explore sale
S.A.V.E. Partners disclosed that it delivered a letter to the board of USA Technologies (USAT) on January 8 calling upon it to "immediately commence a process to explore and evaluate all potential strategic alternatives, including a sale of the Issuer, to maximize value for all shareholders." The letter stated in part, "Given USATís inherent value that we believe could be unlocked by a better capitalized entity with an enhanced management team, we strongly believe that a sale of the Company could produce immediate and certain value for USATís shareholders in the range of $4.00-$6.00 per share." S.A.V.E. Partners has a 5.5% stake in USA Technologies. The stock closed yesterday up 1c to $2.26.
News For USAT From The Last 14 Days
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September 15, 2014
08:09 EDTUSATUSA Technologies can benefit as Apple Pay drives interest, says H.C. Wainwright
H.C. Wainwright expects Apple's (AAPL) payment entry to validate the mobile wallet concept, which can shift the balance in the industry and benefit USA Technologies (USAT). The firm noted that USA Tech provides the backbone of the operation behind Softcard, the mobile wallet joint venture owned by AT&T (T), Verizon (VZ), and T-Mobile (TMUS), and the firm believes that this system may "somehow" be absorbed into Apple Pay (AAPL) in the future. H.C. Wainwright reiterates its Buy rating on USA Technologies.
September 10, 2014
10:19 EDTUSATOn Track, USA Technologies rise after Apple Pay seen as positive
Shares of On Track Innovations (OTIV) and USA Technologies (USAT) are moving higher after research firm Northland Capital predicted that both companies would benefit from the launch of Apple's (AAPL) mobile payment system which is based on NFC technology. On Track Innovations sells contactless/NFC readers, while USA Technologies provides products that facilitate electronic payment transactions. WHAT'S NEW: In a note to investors today, Northland Capital analyst Michael Latimore wrote that his discussions with vending operators indicate that Apple Pay will likely provide a major impetus to upgrade payment terminals, benefiting On Track Innovations and USA Technologies. On Track Innovations has gained share in the contactless/NFC reader market and now sells these readers to most of the vending operators in the U.S., Latimore stated. Accelerated adoption of contactless/NFC technology will help increase the number of contactless/NFC readers that are sold, the analyst believes. Meanwhile, US Technologies' cloud services revenue could accelerate as more vending operators deploy NFC readers, Latimore added. The analyst kept Outperform ratings on both stocks. PRICE ACTION: In early trading, On Track Innovations soared 42% to $4.70, while USA Technologies advanced 7% to $2.20. VeriFone (PAY), which sells point of sale electronic payment devices, gained 4% to $36.
09:26 EDTUSATOn Track and USA Technologies to benefit from Apple Pay, says Northland
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September 8, 2014
07:18 EDTUSATRodman & Renshaw to hold a conference
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