I don’t know a single Fiserv employee who owns this piece of sh-t. Frank spent 18 months of his life to engineer the stock and move FISV to a friendlier exchange where all his market makers buddies are located. Just to increase his net worth! The cost cutting measures are getting smaller, this stock will be in the 50s. No market maker can support it.
10 replies (most recent on top)
I agree with @1rrj+1noe9DTv, as far as I can see what is happening in my group, any more cut, many stuff will cease functioning. I know there are a few incompetent ones, but unless there are replacements, any cut will not work.
"52 week high, maybe you should have bought some. Next stop, $250 ". Maybe, it's the phenomenon of money printing that affecting the market as a whole, it has nothing to do with company performance.
Doesn’t own stock and Fiserv having dividends gets me. Lol. Do you two even work here?
As for the RIFs comment, we are already a skeleton crew. I doubt anymore major RIFs as the last one cut way TF too deep and we are seeing a major effect from it. RIFs from here on out will be small and targeted. Anything larger will have major ramifications.
But seriously they should be doing something right. The analysts are not d-mb. Probably KKR help Frank cook the books so that the results look great
Shareholder value? It's a product made of paper mache. It's going to fail. Clients are bailing hand over fist.
If you have any brains, you'll sell now. Before the whole thing goes belly up.
52 week high, maybe you should have bought some. Next stop, $250
Fiserv doesn't pay dividends.
The stock is not competing with Fiserv's competitors, it is competing with every other publicly traded company.
Fiserv is doing a terrible job.
This is all bs clearly from people who don't work at Fiserv. Frank has methodically cast the company in his light and it is paying big dividends. You may not like his personality but he has done an outstanding job creating shareholder value vs Fiserv's competitors. Not even close!
It's hard to really know the number of layoffs happening because it's spread over the global footprint. But I get the feeling it's becoming much more difficult to chop heads. The synergy push from the merger may be dwindling down. Cost-cutting is a finite strategy and I don't see a lot of opportunity to get the P/E down. Buybacks have only held it steady the last few quarters. Considering the stock rallied after last quarter's earnings it will probably hover back down to around 100 this quarter. That's generally been the trend.
I can get a 5% discount on a stock that doesn't grow!
You are clueless then as many employees have FI stock. FI gives out stock grants and bonuses as stock not to mention ESPP. The company is making money however it may not last Given the current direction of deterioration, employee dissatisfaction and dissatisfied customers.