Thread regarding Fiserv Inc. layoffs

Wow, the Fiserv stock is down trending. How low can it go ?

$109.05 this morning - Wow is FB causing the price to skyrocket. Up 2 dollars. Whooo Hoooo. Man that is impressive. And poor Yabuki is sitting in Malibu enjoying the sunset. More staff cuts will make the stock go even higher!!! Not.

Real panic will set in when the stock sinks < $105 for a period of time. The boys don’t like their options under water

Wasn't/Isn't Payments their biggest growth vehicle and Card Services part of it?

They would have to almost have to pay off a huge chunk of debt to come out ahead on a sale of that type. And one thing publicly traded companies rarely do is pay off debt. I think they are in panic mode.

Electronic payments is a dog for them because it’s old school systems (mainframes) and older leaders. Growth is < 5% and start ups run circles around it. That’s the sale

Card Solutions? Yea dump the transaction biz which is hot. Core banking? The biggest cash cow they have. Surprising something that stupid wouldn't surprise me.

Leasing is a huge real estate expense. Alpharetta is leased and also cost 100M+ initially. One of many of their examples. Brookfield - owned and barely occupied. And much more owned and leased and not just in the US. Ys they are over extended in real estate.

I found this article interesting. https://www.yahoo.com/now/fiserv-inc-fisv-going-burn-181725947.html What do you all think about it ?

Heavy on real estate, where? Most offices were quietly sold years ago and leased back.

Now we know Frank and Guys true plan. How do we get out of this debt burden? Take over cash strong Fiserv, eliminate most of the debt. Take their card processing and divest the remaining legacy original Fiserv BU’s like Account Processing, FRMS you know the ones have all the small old products that make money but need modernized. Sell those then be debt free and take billion dollar bonuses. Finally buy a couple of big houses next to Yabuki’s in Malibu so they can rub it in how much better they are then him.

They dont need regulators permission to sell real estate.

Probably Card Solutions as Omaha is Franks preferred solution.

And then???

'IF' that's true It better be pieces that include a lot of their real estate because they are very top heavy in that.

I hear that Fiserv is in negotiations to break off two pieces of the company and sell them to a competitor. They are working with federal regulators to ensure it will pass approval before they announce.

Stock down to $108.

Holy moly... Is it going below $100?

Expect big changes based on this...

Markets are far from efficient. But it’s obvious that FISV is a terrible play and most trades are done by bots. It’s just a holding company making money from rents. No innovation to speak of, mostly playing catch up and slowed down by mountains of tech debt and old school business management thinking.

I can attest that KF is a bully on every call and email chain I've heard him on. Control through fear and intimidation I guess - an unfortunate trend in Fiserv "leadership".

I am sure K. F. the CIO of Account Processing can turn it around he is a miracle maker. He loves taking credit for everything his employees do and presenting at high profile conferences on things he takes credit for. Oh and he is a major get everyone into the office person too. One thing is clear from my 10 years at Fiserv, they don't care about the employees. There could be some pockets which are better than others for example the Clover group, but it is just a matter of time for them when cost cuts need to come. Honestly I can't believe I stayed as long as i did. This is to the point of needing to unionize to show leadership it isn't all about profit and wall street. Take care of the employees and the stock will go up.

@1nzt+1bigbgqq i think your in denial that your employees loath this company now.

Meh, second quarter smoke screen. Lets cut cell phone costs across the company to prop up the numbers.

Wall Street is just catching up to what many internal employees have been saying for the last year: FISV is going down in flames. Employee attrition is soaring, revenues are declining, customers are unhappy, and the leadership is clueless on how to fix anything.

When you compare FIS and Fiserv you see 50% difference in daily gains. Fiserv used to outpace FIS. Something is definitely brewing in this space.

https://finviz.com/map.ashx?t=sec

If you look at Fiserv, FIS and Global Payments you will see they all have moved at about +10% year over year. Underperforming other segments. Point is not a Fiserv issue more investors cooling a bit on processors. This can and will change as these companies perform. Fiserv also has KKR selling 60M shares to pay back their investors.

Down 11% in three months is a BAD sign.

$109.49 this morning - still a down slope despite what the FData shills say here. Facts are inconvenient things.

Short of doing another massive acquisition the only option is cutting.