EFX

vanzandt said:
They have their place.... they serve a purpose.... but don't make ME pay to monitor YOUR fuck ups.
Thats BS. Collect all you want from banks that buy your products.... but there is no fucking way American consumers should be forcibly coerced to pay $27/month into their coffers to monitor inefficiencies in that which they richly profit from. As I said the night this first happened... I hope they drag that CEO behind a f'ing F-150.
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CIO & CSO have already been forced out....
 
I don't get who is buying this stock? I thought this thing will be trading @ 70-60 by now. The shorts got squeezed @ 90, but what keeps this stock @ 107 its been a week already. Strange...
 
algotrader12 said:
I don't get who is buying this stock? I thought this thing will be trading @ 70-60 by now. The shorts got squeezed @ 90, but what keeps this stock @ 107 its been a week already. Strange...
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I run a business that uses credit reports. There's no reason aside from some kind of comeuppance for me to stop using Equifax. The breach didn't impact the quality of their data and if hackers use the hacked info to open credit under the names of innocent consumers it will impact all 3 credit reporting agencies equally going forward. We've already built all our software around their product, so switching costs are expensive. Plus, they're the cheapest of the 3 to buy credit reports from (guess it was all that money they saved scrimping on security).
They and the other 2 agencies are in a great strategic spot where they can get away with stuff like this and it has almost no impact on their revenues or profits, hence little impact on stock price. About the only thing that will get their attention and the stock price's attention is regulation, and they have little to fear from that with the great anti-regulation team in town at the moment.
 
I suppose, but there is a lot of potential liability going forward, a lot of people have been affected and the allegations of them shorting stock does not help. Besides its not like its a super cheap stock even now its at 22 p/e. My point is if you add potential liabilities + image issues + potential new regulations ( its still possible... ) and fines and the fact that they are now an easy target for anyone in Washington to score quick points and start attacking them, I would expect this stock to trade lower. I don't normally trade the news, so not really sure how this works, and normally hiccups like this are good buying opportunities, but I feel like this is different and I don;t understand why would anyone buy stock here with all the potential uncertainty. I feel like it was a short squeeze that brought the price higher but lets see what happens.
 
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