Anyone else think that Fiserv as a whole will just be swallowed by a competitor since we are cheap right now? Or selling First Data and splitting the company back into two would be better?
4 replies (most recent on top)
Spin off the profitable segments of the company as a new company.
The remainder gets to keep the debt and legal obligations.
They just need to find a way so the existing shareholders keep the debt portion of the company, while new shareholders get the new company that makes money.
Clover alone is worth more than current market cap - plus management can not manage the complexity so yes time to break this company into two parts; a merchant and fi business.
Not going to lie to you, it's pretty much wraps. Takis is no better, in fact, just like Mike, Takis has zero pedigree for this. Unfortunately, as employees we have 2 choices, we either get a CEO who will let us live our lives unlike Frank, or we will get the classic American fortune 500 CEO that is so unbelievably bad at leading a company (frank, boeing CEO, every CEO imaginable basically for large companies) that they will cut even more corners than we already do because our talent pool is absolutely atrocious across the board and lay everybody off, wait for the price to rally and then rehire (but keep it in office only so we can continue to get the worst product and engineering staff on the market)
Wouldn’t be surprised now of a split considering Takis domain is Merchant Solutions which is the part of Fiserv that investors often value most highly. Investors already see Fiserv as two businesses anyway. Expect Merchant Solutions to be the center of gravity either way.