Top Services Companies To Buy Right Now

Top Services Companies To Buy Right Now: Fleetcor Technologies Inc (FLT)

FleetCor Technologies, Inc. (FleetCor) is an independent global provider of specialized payment products and services to businesses, commercial fleets, oil companies, petroleum marketers and government entities in countries throughout North America, Latin America and Europe. During the year ended December 31, 2011, the Company processed more than 215 million transactions on its networks and third-party networks. The Company operates in two segments: North American and International segments. The Company provides its payment products and services in a variety of combinations to create payment solutions for its customers and partners. In August 2011, the Company acquired Mexican prepaid fuel card and food voucher business based in Mexico City, Mexico. On December 13, 2011, the Company acquired Allstar Business Solutions Limited, a fleet card company based in the United Kingdom. In July 2012, the Company acquired a Russian fuel card company. In July 2012, the Company acquired CTF Technologies, Inc.

The Company uses third-party networks to deliver its payment programs and services. In order to deliver its payment programs and services and process transactions, it owns and operates closed-loop networks through which it electronically connects to merchants and captures, analyzes and reports information. The Company also provides a range of services, such as issuing and processing. The Company markets its payment products directly to a range of commercial fleet customers, including vehicle fleets of all sizes and government fleets. Among these customers, it provides its products and services to small and medium commercial fleets. The Company also manages commercial fleet card programs for oil companies, such as British Petroleum (BP) (including its subsidiary Arco), Chevron and Citgo, and over 800 petroleum marketers.

The Company sells a range of fleet and lodging payment programs directly and indir! ectly through partners, s uch as oil companies and petroleum marketers. It provides it! s customers with various card products that function like a charge card to purchase fuel, lodging and related products and services at participating locations. The Company supports these cards with issuing, processing and information services that enable it to manage card accounts, facilitate the routing, authorization, clearing and settlement of transactions. The Company provides these services in a variety of outsourced solutions ranging from an end-to-end solution (consisting issuing, processing and network services) to limited back office processing services.

In addition, the Company offers a telematics solution in Europe that combines global positioning, satellite tracking and other wireless technology to allow fleet operators to monitor the capacity utilization and movement of their vehicles and drivers. The Company offers prepaid fuel and food vouchers and cards in Mexico that may be used as a form of payment in restaurants, grocery stores and gas statio ns. Approximately 10.4% of its revenue during the year ended December 31, 2011 came from its lodging and telematics products.

During 2011, the Company owns and operates eight closed-loop networks in North America and internationally. Fuelman network is the Companys primary fleet card network in the United States. Corporate Lodging Consultants network (CLC) is the Companys lodging network in the United States and Canada. The CLC Lodging network covers more than 17,700 hotels across the United States and Canada. Commercial Fueling Network (CFN) is the Companys members only unattended fueling location network in the United States and Canada. Keyfuels network is the Companys primary fleet card network in the United Kingdom.

CCS network is the Companys primary fleet card network in the Czech Republic and Slovakia. Petrol Plus Region (PPR) network is the Companys primary fleet card network in Russia, Poland, Ukraine, Belar! us, Lithu! ania, Estonia and Latvia. Mexican network is the Companys fuel! and food! card and voucher network in Mexico. Allstar network is the Companys fleet card network in the United Kingdom. In the United States, the Company issues corporate cards that utilize the MasterCard payment network, which includes 176,000 fuel sites and 398,000 maintenance locations across the country. The networks of locations owned by the Companys oil and petroleum marketer partners in both North America and internationally are utilized to support the card programs of these partners.

UNION TANK Eckstein GmbH & Co. KG (UTA) operates a network of over 46,000 fleet card-accepting locations across 38 countries throughout Europe, including more than 31,000 fueling sites. DKV operates a network of over 45,000 fleet card-accepting locations across 36 countries throughout Europe, including more than 30,500 fueling sites. In Mexico, the Company issues fuel cards and food cards that utilize the Carnet payment network, which includes approximately 8,700 fueling sites and 78,890 food locations across the country.

The Company competes with Wright Express Corporation, Comdata Corporation, U.S. Bank Voyager Fleet Systems Inc., Edenred and Sodexo, Inc.

Advisors' Opinion:

• [By MONEYMORNING.COM]

  One of the best companies in this business is FleetCor Technologies Inc. (NYSE: FLT) - and it just got substantially better thanks to a very strategic acquisition. Investors loved the deal, and FLT stock skyrocketed 9.2% in one day on news of the acquisition - and has revved up another 5% since then.

• [By MONEYMORNING.COM]

  And FPX holds some great tech stocks: Tesla Motors Inc. (Nasdaq: TSLA), NXP Semiconductors NV (Nasdaq: NXPI), and Fleetcor Technologies (NYSE: FLT), a leading payments processing firm, are just the start of the list.

• [By MONEYMORNING.COM]

  That's why you would do well to take a look at FleetCor Technologies Inc. (NYSE: FLT)! . The com! pany specializes in providing payment-processing services for businesses, commercial fleets, major oil companies, petroleum marketers, and government agencies.

• [By Louis Navellier] Popular Posts: 3 ‘A’ Stocks to Buy – Are They Still Buys for the Third Quarter?3 Gold Mining Stocks Ready to Shine2 High-Profile Chinese Stocks to Sell Recent Posts: The Best Is Yet to Come for FleetCor (FLT) 2 High-Profile Chinese Stocks to Sell 3 Gold Mining Stocks Ready to Shine View All Posts The Best Is Yet to Come for FleetCor (FLT)

  Editors note: This column is part of our Best Stocks for 2014 contest. Louis Navelliers pick for the contest is FleetCor Technologies (FLT).

source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/top-services-companies-to-buy-right-now-3.html