Welcome Swing Traders,
Today we’re looking at a big-time swing play in a company called Fiserv (FI). This is a massive company—a true fintech giant with nearly 39,000 employees—that has been sold off hard, now sitting about 50% off its all-time highs. The stock is technically priced very well, but there’s a reason for the weakness.
Despite the sell-off, this is a company that makes money every single quarter, recently bringing in a billion dollars of net income on five billion in revenue for an 18% margin. With a forward P/E ratio of just 11.4, the valuation looks incredibly attractive. So let’s dig in and figure out what’s going on.
