Out Fox The $treet

Oddly, Green Dot ( NYSE: GDOT     ) spent the last year trying to counteract large competition from American Express ( NYSE: AMX     ) at top customer Wal-Mart Stores  ( NYSE: WMT     )  only to end up more entangled with the top retailer. While the largest provider of prepaid debit cards has successfully survived the onslaught of new prepaid competitors, Green Dot hasn't progressed at all in de-linking itself from Wal-Mart. Read the full article here . Disclosure: No positions mentioned. Please review the disclaimer page for more details. 

The stock action in Green Dot Corporation ( GDOT ) isn't exactly matching the recent results of the company suggesting that investors are placing a large bet on the GoBank and check cashing initiatives. The actual results haven't improved much over last year, but the general perception has been they were better than expected after facing an onslaught of new competition in its market leading prepaid card segment. Green Dot is focused on providing affordable banking for the masses. Its primary product is a reloadable prepaid debit card that is available at more than 60,000 retail stores nationwide and online. It has several new initiatives including the recently launched GoBank, Project Outreach and another wave of retailers expanding the retail locations by another 20,000 stores. Read the full article at Seeking Alpha. Disclosure: No positions mentioned. Please review the disclaimer page for more details. 

The summary of the Green Dot (NYSE: GDOT ) Q1 2013 earnings report had to be that the company was shaking off the increased competition in the prepaid debit card arena. The long-term market leader famously plunged 50%% back in July of last year after forecasting that earnings would be greatly impacted by increased competition primarily from the Bluebird Card via American Express (NYSE: AMX ) at Wal-Mart stores. Ironically, the leading more » Disclosure: No positions mentioned. Please review the disclaimer page for more details. 

Editors Choice Green Dot Corp.  (NYSE: GDOT ) , a leading independent prepaid card provider for the underbanked, announced yesterday the launch of the first mobile-focused bank. Will this turn around the prospects of a stock that has been crushed over the last year as fears of new entrants into the prepaid card sector have hurt expectations? GoBank is designed to be the first bank account focused on being used on a mobile device more » Disclosure: No positions mentioned. Please review the disclaimer page for more details. 

Before the market opened on Monday, American Express Company (AXP) announced the official rollout of the Bluebird card with Wal-Mart Stores, Inc. (WMT) . The Green Dot Corporation (GDOT) stock collapsed nearly 20% over the next two trading days to move back to all time lows. The company obtains 62% of revenues from a deal with Wal-Mart, so the market sees this as a potential major blow. The company provides widely distributed, low cost banking and payment solutions to a broad base of U.S. consumers. Green Dot's products and services include its market leading category of General Purpose Reloadable (GPR) prepaid cards and its industry-leading cash transfer network which are available directly to consumers online and through a network of approximately 60,000 retail stores nationwide where 95% of Americans shop. While this deal could be a threat to the revenue stream, one has to question whether American Express is the answer for the unbanked. What is the catch? How could a company ...

After reporting earnings last Thursday night, Green Dot (GDOT) plunged over 60% during trading on Friday. So did the company just die? The company provides widely distributed, low cost banking and payment solutions to a broad base of U.S. consumers. Green Dot's products and services include its market leading category of General Purpose Reloadable (GPR/) prepaid cards and its industry-leading cash transfer network which are available directly to consumers online and through a network of approximately 60,000 retail stores nationwide where 95% of Americans shop. For the most part, the company provides the prepaid cards available at Wal-Mart (WMT) . This program accounted for 62% of revenue during Q2. The biggest fear is that Green Dot will no longer dominate the market as larger players in the banking industry enter the sector in mass. Read the full article at Seeking Alpha. Disclosure: No positions mentioned. Please review the disclaimer page for more details.