Cardtronics plc
CATM
pitch
short
null
Thesis
Cardtronics is facing significant risks due to the potential loss or reduced economics of its largest contract with 7-Eleven, which represents a substantial portion of its revenues and EBITDA. The company's acquisitions have not created shareholder value, and declining ROICs indicate a deteriorating business model. With a projected downside of 40% to 80% over the next 12 to 18 months, the stock is recommended as a short position.
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