Fiserv, Inc. (NASDAQ:FISV)
The Company provides integrated information management systems and services, including transaction processing, business process outsourcing, document distribution services, and software and systems solutions.
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Nasdaq in maximums.
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Appears to be extremely over valued.
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an even better business than my beloved western union
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Motley Fool put this in my weekly recommendations. What does that say about me, or about them? One of us is clearly mistaken.
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earnings growth is too slim to justify the 20+ P/E
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The company is focused on increasing recurring revenue and decreasing expenses. They have managed to weather the storms of the last few years and will continue to do so through management that has proven to be successful. I work for a division of this company and have seen first hand the results of this dedication.
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Buffet pick
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Solid company that handles banking transactions fro most banks. A solid service that should be unaffected by the uncertainty in the financial industry. The are the back office of finance operations. Which, are in an increasing demand and vital to the industry.
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lackluster product releases of late. Had a good run up but this is not an innovative company right now.
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Added 5/20/10
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I work for a bank and FiServ is our main financial partner (and have been for many years). They have excellent services and products that make the life of a small bank much easier.
The one downside is their products incompatibility with IE 8. We are still stuck on 7 and they are the only reason why.
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Buffet is buying 8/2010
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Names and news move stocks when things are tight. Buffet's interest and resources make a good arguemt for this investment.
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When Warren Buffett says jump, I say how high.
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I admit, no research I've done, just following Mr. Buffet.
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good enough for Brk ;)
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If Warren is buying I'm in.
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Original pitch:
http://www.fool.com/investing/value/2010/07/27/todays-buy-opportunity-fiserv.aspx
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