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: Peter J. Weiss who wrote (40)	2/22/1997 12:50:00 AM
From: Uncle Mikey	of 323

FDC was Value Line's featured growth stock of the week. In part they said: Though most consumer purchases in the US are still made with cash, the proportion of spending with plastic may double by 2001 from the roughly 20% of the total today. FDC should continue to log 18 - 20% yearly earnings gains to decade's end. They offer this explaination as to why the stock price has been floundering: FDC shares haven't performed as well as the overall market because of concerns that consumers are overextending themselves with debt and that there will be a spike in systems costs to head off year 2000 problems. But the financial impact of these adverse faorces should be overriden by the increasing revenue flow that emanates from the growing acceptance of transaction cards at more and more merchant venues and from consumers higher confort level with plastic money. On the whole, FDC turns a healthy profit in a pretty dependable market, which is why its stock trades at a premium PE ratio. Over the coming three to five years, patient investors stand to realize better-than-average price appreciation without undue risk.

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