Up more than 100 places since merger!
26 replies (most recent on top)
I can see why KKR sold a % of their shares. Fiserv is under performing the market. Huge up day in tech, and where was Fiserv? down 1%.
https://finviz.com/quote.ashx?t=fisv
@5cfb Do you know how much KKR paid for First Data at the LBO? hint: it was 6 times more than 4-5 billion. Do you know how much First Data is worth today? hint: it's not 80 billion, it's zero because that company no longer exists and KKR didn't buy Fiserv.
@5rgy Simple at the time of First Data’s LBO it was worth $4-5B, Today it has a market cap of $80B, with a stock price reflective of the current market cap. KKR selling their share ownership earning BILLIONS.
@5ngg+1bas39my I looked at the EPS for First Data and they were under water for most of the last decade. How did they make billions for KKR?
KKR wanted to divest from First Data LONG before the merger. I bet no matter how cheap Fiserv may become in the future they will stay far FAR away. Definitely PTSD.
First Data now Fiserv was the greatest money maker in KKR’s history and do you know who the ceo was who delivered billions, yes you got it, it is Frank. He made KKR the largest shareholder billions! Give him time he will turn this stock price around.
I bet KKR knew more about how the company is being run, and decided to liquidate a large percentage of their shares in the company due to a lack of confidence. Just like others that are watching from a small distance. Maybe they are thinking it will get run down and buy it cheaper, and bring in a new CEO that can run it better.
$111.65 this morning - way to go!!!!!
I like how the person who wrote the 'test' did not understand any of the content. The 'test' is the a "how well did you memorize the power point slides" type of test. Understanding the actual content will not help in anyway.
guy likes to burn money. he is forcing a large number of associates to sit through a "digital education series" which is just some canned thing bought from IBM. it is literally IBM propaganda with no real content. HR was on the initial meeting and threatened all the associates that they better get good test scores. it makes me sick to think how much money they wasted on it .
Cost cutting hurts employees. Late merit, will they even get 2% this year, reduced 401k, reduced stock purchase discount, medical expenses increasing and taking away employee cell phones. How much do you want to bet travel, training and conferences never come back or are minimal. Plenty of other companies do stuff for employees while still being profitable. This isn't a post merger thing either, Fiserv pre-First Data didn't do much for employees either. Profit sharing taken away, nothing done for employees after the tax cut, its nothing new. As long as the employee surveys continue to be good, why would they do anything?
Yes to massaging earnings numbers through cost cutting. But analyst know what's going on when revenues aren't up to expectation and earnings get better. If cost cutting was making things better than they wouldn't have a 90 PE. The reason they are at a 90 PE is because of revenues. Sure, they would be in deeper do---o if they weren't cost cutting but cost cutting is finite, revenues are infinite. This earning growth by cost cutting is just a matter of time before it bites them hard in the @ss. They better get revenues higher than they were before Covid in less then a year. It will be challenge to do so.
Revenue drives every metric....Good try but not correct. Talented accounting tricks can make earnings look good without a comparable rise in revenue OR as Fiserv has decided to do, stealing from employee's 401K match, Healthcare co-pays, limiting bonuses and postponing merit increases is a cheap trick to lower expenses and help inflate earnings while revenue is flat or sinking. These tricks are old school and worked before the internet made reports of stealing from employees available on websites like this. Now savvy institutional investors use bots to pull reports from sites like this that can show how a company is doing from the POV of it's employees. Hence why Fiserv HR is trolling this and many other boards on a misinformation campaign.
Revenue drives every metric. High growing revenue=great - Revs that stay the same = stagnant - Revs that fall Verwy verwy vwerwy bad.
He-l yes, let’s go Frank !!!!!
Maybe they should switch to "Revenue calls" instead.
Revenue isn't profit. This explains why Frank and his buddies were sweating and mumbling during the last earnings call.
Expect more earnings calls like that.
Does this mean that I get a backdated merit increase?
Yes this is only because 2 companies merged. Their revenue actually stinks! If they can't get it back up and grow it by Qtr 2 of 2022 the stock will be in the 40's. No way a 90+ P/E can survive.
Fortune probably feels sorry for Fiserv, given that Fiserv has blown HUGE wads of money in order to try to boost its unrecoverable reputation. It's notable that this is one of the few boards on TheLayoff where the company's HR team is actively posting for damage control; a sane company that is actually performing well would let its results speak for itself. It's clear that Fiserv is collapsing at an unstoppable pace.
Meanwhile, Frank is spending his valuable time spamming out "Back2Business" announcements in order to 1) let employees know where their 401K match went and 2) make an artificial gesture and to try to copy the other S&P 500 companies.
Share price $ 113.06 - anybody remember the forecast for $145 not too long ago?
First of all no one pays anyone for a ranking of Fortune 500 companies. It is just that a factual ranking. Like it don’t like it, but tying big editorials to it is hilarious. Why do you get so angry about a factual posting?
Fiserv has only moved up in the rankings because this is the first time the rankings include a full year consolidation of First Data and Fiserv revenue. If you take any two companies and merge them the end result should be an increase in revenue and a move up in rank on the Fortune 500 list. How can anyone think this is an achievement?
I have to agree with the disgusting disregard for employee's benefits and pay to promote paid-for-awards. This why large investors are dumping the stock.
Fiserv has wasted a disgusting amount of money on paid-for awards, and will continue to do so at the expense of its employees. Investors aren't buying into the scam anymore; the stock price will continue to plummet.
I think someone is confusing innovation with financial engineering