VeriFone Can't Pay Forever
NEW YORK (TheStreet) -- With shares soaring 90% over the past nine months, you will have to look far and wide to find a stock hotter than VeriFone
While VeriFone certainly looks to be in much better shape under new management, the company's stock has also benefited from non-organic events.
The recent data breach endured by Target
Not surprisingly, given Target's data breach shares of VeriFone are up close to 25%. The company is seen as being in the right place at the right time. And to think, nine months ago VeriFone was left for dead on rumors that Apple
Although new CEO Paul Galant seems eager to transform VeriFone's hardware-centric business to more of a software/services oriented model, the industry is changing faster than the company can execute the change.