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: TideGlider who wrote (100)	10/2/1997 2:54:00 AM
From: Uncle Mikey	of 323

FDC, as I see it, is perhaps the best positioned company to take advantage of the shift to electronic money, via more credit cards now, and later via smart cards and greatly expanded e commerce on the internet. It seems to have a fairly stable revenue source, and growth has been pretty dependable, but it has just really been having a tough time over the past year. Part of the problem has been worries over the cost of upgrading to Year 2000 software, a slowdown in it's growth rate, and declining margins. But nothing, as far as I know, is "wrong" with the company. It trades at a fairly high PE so I would not call it undervalued. I own it because of what I said about it's position in the industry. Of all the stocks I have purchased in the past year this one has been the laggard. But I am still holding. Mike

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