Payment Networks & Processors (V, MA, PYPL, FISV, FIS, GPN, AXP, XYZ, ADYEY, etc.)

[frommi]

Payment sector down big because Stripe, Visa and Mastercard work on a stablecoin platform. The market says i should be frightened. GPN down 12%, even V and MA down 2%, whats going on? Should we worry? 
This seems like a risk very long term, but as cheap as some of the stocks are is the long term even relevant?

[Spekulatius]

Adyen $Adyen  in the dumpster after a negative research report from Cleveland something according to bird app posts. Bought more shares this morning.

 

What a dumpster fire this sector it’s.

Edited Friday at 01:00 PM by Spekulatius

[Dalal.Holdings]

8 hours ago, Spekulatius said:

Adyen $Adyen  in the dumpster after a negative research report from Cleveland something according to bird app posts. Bought more shares this morning.

 

What a dumpster fire this sector it’s.

Who ever heard of Cleveland Research before? What a clown show

[Spekulatius]

26 minutes ago, Dalal.Holdings said:

Who ever heard of Cleveland Research before? What a clown show

Fragile market and a fragile sector and this is what you get.

[KPO]

2 hours ago, Spekulatius said:

Fragile market and a fragile sector and this is what you get.

Ripe for consolidation in my view. TOST & PYPL have the best balance sheets, while GPN, FISV and FOUR have poor balance sheets, but large customer bases and are cheap in their own right. Will be interesting to see how this plays out. I could see PYPL broken up for parts, while TOST seems like the highest quality standalone business, but exposed to economic cycles due to their customer base, and still not statistically dirt cheap, but certainly fair value. 

[Spekulatius]

This is a good podcast about TOST.

 

https://podcasts.apple.com/us/podcast/toast-sticky-saas-business-breakdowns-ep-247/id1559120677?i=1000770210210
 

There is an earlier one from 2023 (or thereabouts) that is worth listening to as well for context. It’s impressive what they have accomplished since then. As far as economic sensitivity, it‘s not as much as you think since the get a cut from restaurants revenue not profit.

 

Edited yesterday at 12:42 AM by Spekulatius

[KPO]

1 hour ago, Spekulatius said:

This is a good podcast about TOST.

 

https://podcasts.apple.com/us/podcast/toast-sticky-saas-business-breakdowns-ep-247/id1559120677?i=1000770210210
 

There is an earlier one from 2023 (or thereabouts) that is worth listening to as well for context. It’s impressive what they have accomplished since then. As far as economic sensitivity, it‘s not as much as you think since the get a cut from restaurants revenue not profit.

 

Thanks for sharing. I’m impressed with how dominant they seem in the small to midsized restaurant business where we live and where we travel, but it’s still an economically sensitive sector.