Peter HodsonShift4 PaymentsFOURTOP PICKNov 18, 2024
It is involved in payment processing technology and is one of the competitors to LSPD. It is growing at 30% per year and has a good balance sheet. It has a great niche in the restaurant and hotels business and is starting to expand into gaming and other areas. Has been approached at least twice in the last two years for a potential takeover. The valuation is good at 26X earnings which is pretty low for a tech company. It has just been added to the S&P 400 small cap Index. He considers it undervalued. Buy 21 Hold 3 Sell 1
Mid/small caps have been hit in recent months, but he expects the CEO transition to go well and their business remains good. It could be a takeover target.
Recently IPO'd. It's a a payments stock, and payments are a hot industry. They process payments in restaurants and brick-and-mortar retail. Its earnings have beaten the street. FOUR is up 72% since IPO. But the rising number of Covid cases scares him off.
It is involved in payment processing technology and is one of the competitors to LSPD. It is growing at 30% per year and has a good balance sheet. It has a great niche in the restaurant and hotels business and is starting to expand into gaming and other areas. Has been approached at least twice in the last two years for a potential takeover. The valuation is good at 26X earnings which is pretty low for a tech company. It has just been added to the S&P 400 small cap Index. He considers it undervalued. Buy 21 Hold 3 Sell 1
(Analysts’ price target is $109.46)