The Payments Giants: FEE FI FOUR Umm…

From 10,000 Feet to Deep Dives

Is it ok to invest in an acquisition-happy company that follows the WorldCom playbook for accounting tricks?

If one thinks not, one ought to avoid the Payments/Fintech space. All the cheap ones do that, and the ones that do not are almost entirely too expensive.

There was a time when First Data, now owned by and weighing down Fiserv, was thought a Warren Buffett stock.