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News 5

Experian Pulses to a Latin Beat

How do you say "credit" in Portuguese and Spanish? Experian would know. The Dublin, Ireland-based company, which provides credit reports and other financial data on consumers and businesses, is growing like gangbusters in Latin America, particularly Brazil. Although the U.S. still accounts for more than half of revenue and profits, Experian's shares are a compelling play on the growth of the consumer class in the developing world.

Experian's American depositary receipts (ticker: EXPGY) have advanced almost steadily from a 2008 low of $4.26 to a recent $15. Some fans think they could rally another 20%, at least, in the next 12 months, as the company cashes in on booming demand for credit information in Latin America, and as growth accelerates in the U.S., along with greater demands for credit transparency. Shares also trade in London ( EXPN.U.K.), where they have risen 20% in the past year, to a recent 936 pence.

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Source - http://online.barrons.com/home-page

 

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