https://stocknews.com/news/fisv-coup-cree-3-tech-stocks-to-avoid-in-february/
8 replies (most recent on top)
Until they cut more or buy back stocks. The stock will bounce around 100-115, but it still hasn't made it back to $125. it will soon, they will buy back more stock.
- 64 and better than global payments, fis and jack henry since frank became ceo. That is the tale of the tape all this other stuff is noise.
Going to be ax swinging time after earnings
I see great potential here for the destruction of Fiserv. Stock and revenue decline is indicative of the management by First Data in for more than a year. Certainly time enough to chase those non productive rascals out of the building. Maybe Henry Kravis of KKR can come up with another leveraged buyout plan.
Money quote:
"FISV’s poor prospects are also apparent in its POWR Ratings. The stock has an overall rating of C, which equates to Neutral in our proprietary ratings system. FISV has a grade of D for both Value and Sentiment. The Value grade is consistent with the stock’s higher-than-industry forward Price/Sales ratio (4.78 vs. 4.07)."
Yeah, OFD is sure rockin' the house, innit? snerk
Oh, look - Fiserv looking to M&A to save itself.
If you;re still there, I suggest polishing the resume. Besides, isn't it layoff season?
Fiserv is still about 15% top heavy from an employee staffing perspective. But the systems are extremely manual and when reductions occur quality suffers. Couple that with technology that is extremely dated and can’t be staffed it’s a brittle environment. Several key areas will have issues as people retire as a number of areas lean on technology like mainframes where staffing can’t be found.
Yawn