FDC : First Data Corp Message Board

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Technology Stocks : FDC : First Data Corp

FDC 31.69

0.0%

Aug 5 5:00 PM EST

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To: Uncle Mikey who wrote (62)	4/28/1997 10:24:00 AM
From: Gene Weisskopf	of 323

>>>I don't think the problem has much of anything to do with FDC. The problem is that the current market pschyology is just not interested to any great degree. Stocks with exceptional earnings and good prospects have been getting a one or two day bounce followed by a downturn. Stocks coming in as expected have been taking hits.<<< Mike, I agree with you. FDC is in a similar position as bank/financial stocks. Many people think that higher interest rates will adversely affect future earnings. The higher the rates, the less people will use their credit cards. Frankly, I don't see it happening. I use my card everywhere - gas station, grocery store, drug store, etc. A 1% rise in rates isn't going to change my behavior. People use cards beecause they are convienient. This won't change. FDC also needs to clean up its balance sheet. When this happens we will see a much stronger company. gww

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