2024-01-31 07:25:04 ET
Summary
- Fidelity National Information Services has seen a decline in performance and profitability, with one-off charges impacting its GAAP profitability.
- The company has a significant amount of debt, which may deter some investors, but it is manageable for now.
- FIS is undergoing a spin-off and will focus on its banking solutions and capital markets solutions segments, which may have better growth prospects.
Investment Thesis
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For further details see:
Fidelity National: Too Many Unknowns, For Now, I'll Be Patient