Good interview - matt ross at $XYZ acknowledges Cash App complexity impedes investor confidence in growth sustainability. I think $XYZ would be well served by consistently disclosing instant transfer revenue, interchange revenue and Cash App Card purchase volume, and Borrow

Fiserv is still arguably one of the best opportunities in the market - 9% TTM Buyback yield - 13x P/FCF (lowest valuation this decade) - Wide moat in some segments with 99% retention rate, narrower moat in other segments like Clover I overall still like the set up here $FI

U.S. has done everything they’ve needed to do so far. Still a long way to go, but they’ve got a shot.

If it’s 14-14 the U.S. must claim victory!

Agreed

Thought about this after the $EA deal. Is PayPal $PYPL small enough to be taken private? They are a perfect candidate for it, in my opinion

Thoughts on #Payments #FinTech #BNPL weakness: - Delayed reaction to a report (released yesterday) highlighting rising delinquencies at Upstart $UPST - Weaker consumer sentiment reading - Perceived weakness in SMB land based on $PAYX earnings (softer PEO growth) $AFRM $KLAR

Fall is in the air and we are anxiously waiting for those trees to change colors. Book a tee time online and walk our 13 hole golf course, Mountain Top 🍁🍂 #golf #golfcourse #golfing

ADP EMPLOYMENT CHANGE (SEP) -32K VS 51K EXPECTED

You know the drill: Buying more Fiserv $FI. Loved it at $130. Love it even more at $125. Patience.

Backyard tee box looking very nice! ⛳️

$JNJ stealthily up 30% YTD and breaking out of the upper end on a multi year range. Same goes for $ABBV. Add in $MO and my income producing portfolio has been really strong this year.

Here’s my #Payments plays: Deep Value: Global Payments $GPN GARP: Fiserv $FI Growth: Adyen $ADYEN SMID: Corpay $CPAY Spec/Takeout: BILL Holdings $BILL

Top

Places where I’m looking to put new money to work: Financial Data and Exchanges: $MSCI $FDS $SPGI $TW $MKTX Payments: $FI $ADYEN Payroll: $PCTY $PAYX $ADP Animal Health: $ZTS Travel: $ABNB

Jimbo’s really enjoying that $76 million buyout from Texas A&M. Anyhow, #LetsGoNoles

Today’s going to be a great day!

$FOUR is cheap, but not that cheap. Some of the financial data platforms seem to be way off the mark. Here is how I calculate the valuation for $FOUR, which yields NTM P/FCF of 16.7x and NTM EV/EBITDA of 11.9x: Market Cap: Per $FOUR, following the mandatory convertible preferred

Ran into a couple more $XYZ Square sellers today. One at a pumpkin patch and the other at a local cafe. Really their bread and butter when you think about it.