“FleetCor (NYSE:FLT), the nation’s largest operator of fleet cards, has over the course of 10 years skillfully built a business based on deceiving small and medium sized businesses into paying excessive and erroneous fees. This cannot be disputed. What can be disputed is the legality of the business.”
As described by Citron Research in this article, FleetCor has over several years prayed upon unsuspecting customers by imposing hidden fees and obscuring them from most important and relevant information.
The FTC filed a lawsuit against FleetCor alleging “that it has charged customers at least hundreds of millions of dollars in hidden fees after making false promises about helping customers save on fuel costs.”
IBR is calling BS on FleetCor.
A Yahoo Finance post suggested: “If You Had Bought FleetCor Technologies (NYSE:FLT) Stock Five Years Ago, You Could Pocket A 116% Gain Today”.
If you indeed had bought shares of FleetCor five years ago – now would be a great time to cash out and take your profit.
50% downside from here. 2020 target: $150
