Frank and Guy will spend the one time cost budget from the merger. Costs will plummet due to the massive relocation layoff. The stock will pop because it’ll look extremely profitable on paper. Frank and Guy will exit with hundreds of millions of dollars in 2022 and the company will tank beyond that
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From GI Joe: "Now you know, and knowing is half the battle"
Fiserv stock held by institutions - 92.78%
Top ten shareholders:
Kohlberg Kravis Roberts & Co. L.P. 62,300,667 Jun 29, 2021 9.41%
Price (T.Rowe) Associates Inc 50,623,252 Jun 29, 2021 7.64%
Vanguard Group, Inc. (The) 47,418,471 Jun 29, 2021 7.16%
Blackrock Inc. 43,399,816 Jun 29, 2021 6.55%
State Street Corporation 23,073,493 Jun 29, 2021 3.48%
Dodge & Cox Inc 22,996,049 Jun 29, 2021 3.47%
Massachusetts Financial Services Co. 21,389,337 Jun 29, 2021 3.23%
Harris Associates L.P. 12,101,183 Jun 29, 2021 1.83%
Geode Capital Management, LLC 9,907,705 Jun 29, 2021 1.50%
Veritas Asset Management LLP 7,887,621 Jun 29, 2021 1.19%
KKR sold 20 million shares in May, and it looks like they have about 9% of the the company now. My guess is they will buy more when the stock drops.
Um......KKR is already Fiserv's largest shareholder. Scott Nuttall is on the Board...
I bet by 2023 Frank and Guy are out because of poor stock performance and an investment company comes in like KKR and fixes the sh-t Frank broke.
Meh, don't care much anymore WHAT FB & his Cronies do. Close enough to retirement now & if they RIF me, they'd be doing me a favor!
Correct Gill.. 'divisions'.. AP will be first.
You missed the step where they spin off a section of the company that looks good on paper, but saddles it with it all of Fiserv's debt.
That companies drowns in debt and Frank's Fiserv looks fantastic so they take on more debt for the executive bonuses.