Hedgeye CEO Keith McCullough is adding Fiserv (FISV) to the long side of Investing Ideas. Below is a brief note.
Financials analyst Josh Steiner getting more ice time today because the Financials are lagging (i.e. for sale!)...
He got lucky this week because he added a new Best Idea Long, Fiserv (FISV), and KKR sold the Street some stock at $112/share, taking it to the low-end of its Risk Range.
Here's the intro to Steiner's research note on the name:
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We are adding Fiserv (FISV) as a Hedgeye Financials Best Idea Long Notwithstanding pandemic-related headwinds and strong equity price performance of the past month, we take confidence in Fiserv's unique position as a direct beneficiary of two separate and simultaneous secular tailwinds: (1) exposure through its merchant acceptance business to the ongoing and accelerated migration to electronic payments at home and abroad, and (2) the digital transformation underway in the banking industry and the increasing needs of regional and community banks for external IT solutions like those provided by Fiserv. |
Buy the damn dip,
KM
