Re: [CANSLIM] DLX

From: Spencer48@aol.com
Subject: Re: [CANSLIM] DLX
Date: Tue, 10 Sep 2002 00:13:36 EDT

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Katherine:

     Why would any business pay with a debit card (I don't have one, but I 
assume it is a credit card whereby your bank account is IMMEDIATELY debited 
when you use the card), rather than a credit card (where you get the temporal 
luxury of a float)?

jans


In a message dated 9/9/2002 9:07:56 AM Eastern Daylight Time, 
kmalm@earthlink.net writes:

<< I'd also add that the use of debit cards has reduced the use of checks more
 so than the use of cash (ref our discussion of CSTR). Businesses, however
 still pay many of their bills by check rather than by e-means, so there is
 still a sizable market, even if many individuals use debit cards for day to
 day transactions.  For the most part, DLX is a printing outfit, selling not
 only checks but also stationery etc; all in all, a mature business and not
 the stuff of CANSLIM investing. My conclusion has always been the run from
 the January 01 lows had to do with their spin-off of EFDS. The recent high
 is also a 10 yr high and I think there's little fuel to sustain more than a
 market related move. >>

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