Why are you guys surprised? All along I projected the stock to be in the 50s.
What is next? Fiserv is no longer a fintech company, it is a company with a bunch of accountants and top-heavy with VPs and SVPs. All its IP 🧐 assets are contractors. No one would invest in an accounting firm. Clover? It’s only 8% of the market and going down.
Infinite? Simply an agent, facilitating, accounting cover-up to beautify quarterly earnings.
Sad but this company is dead without its full time IP committed to Fiserv. Mike can’t do anything, Frank left him with long term contracts with third parties and many Frank’s kool-aid guys still around. Stock to $40 .
It will take Mike about another 2 years to know IP is a must to the survival of this company.