QUOTE AND NEWS
TechCrunch  Feb 8  Comment 
 Editor’s Note: Brian Ascher joined Venrock in 1998 as a Kauffman Fellow and is currently a Partner based in Venrock’s Palo Alto office. Though people have turned on them lately, I love using Uber. From the very first time (September 28,...
TheStreet.com  Feb 4  Comment 
 DELAFIELD, Wis. (Stockpickr) -- Professional traders running mutual funds and hedge funds don't just look at a stock's price moves; they also track big changes in volume activity. Often when above-average volume moves into an equity, it precedes...
TheStreet.com  Feb 3  Comment 
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.  TheStreet Ratings quantitative algorithm...
DailyFinance  Feb 2  Comment 
Filed under: Company News, Amazon.com, Market News, Investing Richard Levine/Alamy Plenty of stocks go up and down in any given week. The gainers inspire us to keep investing. The decliners keep greed in check while reminding us about the risks...
Benzinga  Jan 30  Comment 
Green Dot Corporation (NYSE: GDOT) shares fell 20.45% to touch a new 52-week low of $15.79. Green Dot reported Q4 earnings of $0.16 per share on revenue of $153 million. Deckers Outdoor Corp. (NYSE: DECK) shares fell 16.88% to touch a new...
Benzinga  Jan 30  Comment 
In a report published Friday, Morgan Stanley analyst Smittipon Srethapramote reiterated an Equal-Weight rating on Green Dot Corporation (NYSE: GDOT), but lowered the price target from $22.00 to $19.00. In the report, Morgan Stanley noted,...
Benzinga  Jan 15  Comment 
Analysts at JP Morgan downgraded Green Dot Corporation (NYSE: GDOT) from Overweight to Neutral. The price target for Green Dot has been lowered from $27 to $26. Green Dot shares have dropped 20.57% over the past 52 weeks, while the S&P 500...
Benzinga  Jan 15  Comment 
TheStreet.com  Dec 23  Comment 
NEW YORK (TheStreet) -- Shares of prepaid debit card provider Green Dot are falling after the company announced a short-term extension to its deal with Wal-Mart . Following the extension, analysts at JPMorgan and Deutsche Bank differed in...




 
TOP CONTRIBUTORS

Green Dot (GDOT) (NYSE: GDOT) sells prepaid debit cards through third party retailers such as Wal-Mart (WMT). The company provides the retailer with a commission of the sale of the debit cards in return for selling them. The cards are rechargeable and can be used anywhere that a Mastercard (MA) or Visa (V) is accepted. These cards have been used as a replacement for credit cards but without any fear of penalty fees, overdraft fees, or minimum balances.[1]

The company's initial public offering of stock filed on the NYSE and went public on 21 July 2010. It was priced at $36, above the initial price range of $32-$35. The major underwriters were J P Morgan Chase (JPM) and Morgan Stanley (MS). The company raised $164M by selling 4.56M shares [2]

Green Dot purposely kept the IPO small at under 4.6M shares because it did not need to raise money. The company had $102M in cash and does not have any debt on its books. The company did not want to dilute its shares, but instead wanted to gain liquidity for some of its prominent owners. This made the Green Dot shares relatively high in demand since fewer shares were sold than were in demand. The company issued 2.2M shares or 5.5% to Wal-Mart (WMT).[3]

The company's 2009 revenue was $234.8M which was a 40% increase from the $168.1M revenue from 2008. Net Income also rose by 118% in 2009 from $29.2M in 2008 to $63.7M. In 2009, a total of $4.7B was loaded onto Green Dot's debit cards, a 66% increase from 2008. This has made the company one of the leading providers of reloadable debit cards.[4]

I'm quite pleased with the inofmration in this one. TY!

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