ChoicePoint Strong at 100

Most hundred-year-old companies tend to lose their luster. That's not the case with ChoicePoint (NYSE: CPS  ) .

The company's products include searches of public records, biometric solutions, and risk assessments for the insurance industry.

In the last quarter, the comprehensive provider of data services for security continued its strong growth path. Revenues increased 16% to $231.4 million from the same period a year ago. The company posted earnings per share of $0.40.

Management was certainly upbeat on the conference call. The company expects revenue growth to range from 15% to 19% for 2004.

A critical component of ChoicePoint's success has been its acquisitions. One recent deal was the purchase of Investigation Technologies. The company manages an interesting database called Rapsheets, which allows for effective searches of criminal records.

There was also the acquisition of ADREM Profiles, a provider of employment screening services and a marquee customer base.

The success of ChoicePoint, though, may make it an interesting target itself. After all, a few months ago, Marsh & McLennan (NYSE: MMC  ) said it would shell out $1.9 billion to buy one of ChoicePoint's main competitors, Kroll (Nasdaq: KROL  ) .

Fool contributor Tom Taulli is the author of The EDGAR Online Guide to Decoding Financial Statements. He does not own shares in any of the stocks mentioned.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 509391, ~/Articles/ArticleHandler.aspx, 11/22/2014 7:12:10 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement