Mox Reports – Euronet (EEFT) To Drop 50-60% On Latest DCC Developments

Summary

• As much as 30-40% of Euronet’s profits and EBITDA are generated solely by DCC revenues with ultra high margins. The sell side has largely missed this entirely.
• During 2017, scathing public criticism erupted from a wide array of journalists, travel advisers and celebrity TV hosts, directly alleging Euronet “fraud”, “rips offs” and “scams” with DCC. Evidence posted in photos, screenshots and videos.
• Multiple independent investigations then concluded specifically that “DCC should be banned”
• Following the public scrutiny, a wide range of Euronet insiders began aggressively dumping their shares (and just ahead of a key vote in November 2017 by the EU Parliament)
• Since then, EU legislation covering DCC has passed multiple key milestones.
• Final regulations...
  

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