This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cass to Benefit From Shipping Slump

The shipping industry is being pinched from lower consumer spending. Companies implementing cost-cutting plans will look to Cass Information Systems (CASS - Get Report) and its rivals to analyze and audit freight payment, hoping to save money. Ratings gives Cass a "buy." St. Louis-based Cass, whose roots date back to 1906, provides payment and information processing services to companies across the U.S. The company uses proprietary software to simplify operations and reduce costs. It also offers freight invoice rating, payment processing for utility- and facility-related expenses, and commercial-banking services.

Those services are in demand as companies, particularly shippers, seek to cut costs amid an economic recession. Larger supply-chain management firms offer broad and expensive consulting projects, while Cass provides specific services and immediate savings.

Cass is also a leader in utility-payment outsourcing and can offer quantifiable savings for businesses seeking to lower energy costs. The company has proprietary systems to reduce and control telecommunication expenses as well. Cass Commercial Bank is well-positioned to succeed as a lender because it has access to companies' accounting information and can therefore identify ways for them to become more efficient and repay loans.

Many other firms in the outsourced services sub-industry, including privately owned Data2Logistics and TranzAct Technologies, are reporting a jump in business. Cass is an attractive target for a large consulting or supply-chain management firm because of its relevance during trying economic conditions. The stock hasn't received much publicity because of the company's size. It has a market capitalization of $311 million, placing it just above the micro-cap threshold.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CASS $49.60 1.18%
EEFT $65.00 3.75%
TTEC $25.16 2.74%
AAPL $93.99 0.31%
FB $102.01 0.10%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs