With Equifax, Patience Likely Will Be Rewarded

I first wrote about Equifax Inc. EFX on June 3, 2009, at a price of $27.06, and shares of the credit information provider swooned in spring, after rising to a high of about $37. The down-slope was a surprise, and the shares even formed a bear hug this summer, amid the roughly 25% decline. Still, for those who endured the slide, your patience likely will be rewarded. Here's why. Part of Equifax's slide can be attributed to likely more-modest 2010 revenue gains, due to a slower-than-expected-recovery in credit-related and mortgage-related revenue streams. Equifax should post 1% to 3% revenue growth in 2010. Continue reading the article.