Western Union: A Cigar Butt With An Outsized Puff Left

Core Insights - Western Union (WU) has a long history dating back to the 1800s and boasts millions of loyal customers, but its core retail business is experiencing a decline [1] - The company is transitioning to enhance its competitiveness in the digital payment sector [1] Company Strategy - WU is focusing on adapting to the digital payment landscape to counteract the decline in its traditional business [1] - The shift towards digital payments is seen as a necessary move to maintain relevance and competitiveness in the evolving financial services industry [1] Investment Perspective - The market is perceived to be overly concerned with short-term challenges, leading to potential mispricing of fundamentally strong companies like WU [1] - There is an opportunity to uncover short-term mispricings that could unlock long-term value for investors [1]