2024-04-04 14:58:12 ET
Summary
- Fiserv, Inc. has become one of the best-performing stocks in the electronic payments space.
- The stock remains attractive over the long run, but I expect lower returns through the rest of 2024.
- Dominant positioning in merchants acceptance in combination with high margins in payments creates a strong competitive advantage.
Every once in a while, the market gives us opportunities that are very easy to spot only if we are able to sift through the noise and ignore current narratives created around a given stock....
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For further details see:
Fiserv: Solid Business Model, But Lower Returns Ahead (Rating Downgrade)