Jun. 17 at 9:05 PM
$FISV Bought some FISV believe it or not. When the market began selling off after the Warsh press conference, grabbed some at
$48.5. That's pretty safe for FISV; the risk is greatly reduced at 6.3x forward EBITDA & 8.4x P/E. Now having said that, should you invest lump sum into FISV right now? Look where these other stocks are: META-MSFT-BABA-NFLX are all near 52-week lows. Oil stocks are selling off. Medical device stocks are in a funk. So sold 1/2 of my
$CNC which did 70% YTD and put proceeds into Meta-Msft-Baba at 50%-25%-25%. You wanna keep plunking hard-earned money into FISV whose top is prolly ~
$65 than grab Meta-Msft-Baba under 580-380-110? Think about it: these are compounders and secular, not cyclical, plays. You'll make money with FISV at
$48.5 but if your cost basis is in the 70s, you may never come out ahead unless you double your stake. Play smart: FISV is a trading play for a good 15-25% upside from here. Anything more than that though is stretching it.
