Submitted by Basic_Huckleberry743 t3_1205bwo in wallstreetbets
Net income has been roughly flat for the past 20 years at $900M. WU isn't going away anytime soon.
Just one year ago this was trading in the ~$18 range. Net income hasn't collapsed nor is forecast to collapse to warrant this magnitude of price decline. This usually trades as a ~10 P/E business, currently trading at a 4 P/E.
What am I missing?
