Monitise is 18% owned by Visa (V) and Visa Europe.
The company can be followed on Twitter.
Bottom line: Monitise has the potential for being a disruptive innovator and leader in a very rapidly growing segment of the financial services business.
Unlike my stock of the year, Altisource Asset Management (AAMC), Monitise trades millions of shares a day on the AIM (the London Stock Exchange's equivalent of our Bulletin Board)More to come. At the time of original publication, Kass was long MONI.L and AAMC.
Originally published on Thursday, March 28 at 9:41 a.m. EDT. I am not a buyer of Apple (AAPL - Get Report) at these levels because I am fearful of the upcoming report and guidance. I have scaled out of most of my long position. At the time of original publication, Kass was long AAPL.