In this clip from THE PITCH, we give you an inside look at how a research analyst's high-conviction stock idea becomes a manager's winning position.
Watch below as Financials analyst Josh Steiner pitches Hedgeye CEO Keith McCullough on Fiserv (FISV), Steiner's new 'Best Idea' Long position.
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Steiner: The same tailwinds that have been there for the past three decades are still there. They have this incredible business called 'Clover,' which is totally misunderstood by the market; it's been growing like an absolute weed. There's a real comparison here between Fiserv and Square, but Square of course gets all the press and attention, and the stock has been a rocket. Fiserv's merchant-acquiring business is actually growing faster than Square's. The difference is Square is trading at 180x forward earnings... and Fiserv's only trading at 18x. There's a lot to like here. |
