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@ifb_podcast
Dave Ahern
$6.1M follower assets
Breaking down the stock market for beginners by using everyday language. Co-host the IFB podcast with Andrew Sather. LIke everyone, trying to get a little smarter everyday.
90 following1,079 followers
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Dave Ahern's avatar
Dave Ahern
$6.1MFollowers
@ifb_podcast11/09/2022
What Books Started You on Your Investing Journey?
As investors, we all have to start somewhere. Unfortunately, few of us come out of the womb as the "next" Warren Buffett from birth.

Curious to hear what books, podcast, article, or video might have caught your eye and started you down the path?

My first two books:

The Richest Man in Babylon
The Dhando Investor - Mohnish Pabrai
Christian
@christian762111/09/2022
Unless you have Warren buffet on speed dial lol. Wasn’t out the womb as him but I got his contact info 😂😂. Which book do you recommend reading first? I’ve done a little reading of different articles which is how I know so much but I never read an investing book. Where should I start?
+ 9 comments
Dave Ahern's avatar
Dave Ahern
$6.1MFollowers
@ifb_podcast11/08/2022
Cash App Getting It Done
Last quarter $SQ saw inflows of $52 billion into Cash App, a record. Could be they are positioning themselves well once we come out of whatever this is 🤷🤷

No position but as a payments nerd, kinda fascinating 🤓🤓

WSJ
Cash App Gets the Money
More people are regularly putting their paychecks into Block’s Cash App, which could be a sign of its durability.
Dave Ahern's avatar
Dave Ahern
$6.1MFollowers
@ifb_podcast11/04/2022
Block Says Goal of Cash App Is To Be Primary Bank
How many of you us?
0%Cash App
41%PayPal
58%Venmo
0%Other
12 VotesPoll ended on: 11/5/2022
Dave Ahern's avatar
Dave Ahern
$6.1MFollowers
@ifb_podcast11/03/2022
More resources for $FISV
Below are some additional thoughts I have written down about Fiserv. I am not one to toot my horn, but I hope these help, and please let me know your thoughts.



X (formerly Twitter)
The Investing for Beginners Podcast (@IFB_podcast) on X
1. Today's deep dive will focus on Fiserv ($FISV), one of the leaders in payment and financial services. Today's dive focuses on the business model, returns on capital, and valuation. Charts courtesy of @getstratosphere To learn more about Fiserv, let's dive in. 🧵
Christian
@christian762111/03/2022
This is the best post ever done on Commonstock. Maybe not lol but I genuinely enjoyed it. Reiterated all the things I know about the company. Thanks for posting this! Forgot to mention go team Fiserv and visa 😉
+ 4 comments
Dave Ahern's avatar
Dave Ahern
$6.1MFollowers
@ifb_podcast11/03/2022
$FISV 3rd Q Earnings
$FISV reported 3rd Q earnings last week; below is a short summary of their results.


Stats:
■GAAP Revenue up 9% in Q and YTD
■GAAP EPS up 17% in Q and 80% YTD
■Organic revenue growth up 11% in Q and YTD
■Company raises 2022 organic revenue growth outlook to 11% and adjusted EPS outlook to $6.48 to $6.55

GAAP revenue grew 9% to $4.52B in the 3rd Q YoY, with growth of:

Acceptance - 9%
Fintech - 1%
Payments - 10%

Other stats:

% Adjusted margins grew to 35.2% in 3rd Q, and 40 bps to 33.6% YTD
💵free cash flow was down $2.11B YTD, compared to $2.29B for same period last year
💻 FISV bought 7.6M shares for $750 million in the 3rd Q, and 17.9M shares for $1.8B YTD

Below is Robert Hau on Clover and the continued growth of the platform.

Here is Robert Hau, CFO on Carat and the opportunity the company sees in front of it.

And finally here is some analysis on the tone of the analyst call from

Q3 2022:

■ The # of positive words: 171
■ The # of negative words: 35
■ The ratio of positive over negative words: 4.885714285714286

All in all, a good quarter in a difficult environment. Clover continues to shine, and Carat appears ready to deliver for the company.

Long $FISV
post mediapost mediapost mediapost media
Christian
@christian762111/03/2022
Best line “all in all a good quarter in a very difficult environment”. That’s exactly right. It was a good quarter in a very hard environment. I’m very impressed tbh. Clover is great as we have talked about, first data acquisition is great and will continue to pay off. It’s really an exciting time to own Fiserv. I’m happy it’s not talked about. I like the business people think are boring. They say the same about most of the names I’m in. That’s fine by me. Fiserv is gonna be special. I’m really starting to like Frank on these calls as well lol. Excited for the next quarter and every quarter after that. Thanks for always being there with the Fiserv thoughts for me. Happy we share this company together
+ 1 comment
Dave Ahern's avatar
Dave Ahern
$6.1MFollowers
@ifb_podcast11/01/2022
Investment ideas
If you are looking for investment ideas, might I suggest the following list as a great starting point??
post media
Dave Ahern's avatar
Dave Ahern
$6.1MFollowers
@ifb_podcast10/26/2022
$V Earnings Yesterday
$V reported 4th Q and Fiscal Year end earnings yesterday, and the company saw some good progress in their financials and give us some more food for thought on the potential upcoming storm.

As the banks reported, they still see strong consumer spending, which corresponds to Visa's reporting yesterday. The highlights from the company show how strong the cross-border payments have been, and along with the growing revenues.

"In Visa’s fiscal fourth quarter, we saw a continuation of many of the spending trends present
throughout 2022: strength in consumer payments, resilience in eCommerce and ongoing recovery in cross-border travel. These trends contributed to robust full-year 2022 results,
with net revenues, net income and EPS all up more than 20% year-over-year, despite
broader macroeconomic uncertainty and geopolitical turmoil." - Alfred Kelly, CEO

Overall, a strong quarter and year, and continued good recovery from the pandemic. However, not everything is sunshine and roses, as the company faces some potential regulatory headwinds here in the US and abroad.

I am long Visa, and it is my largest position, tied with Berkshire Hathaway and Adyen, and it will be interesting to watch.

For more info on the latest Q and fiscal year, check out these from the company:



post media
Christian
@christian762110/26/2022
Just what I needed this morning, I think you’ve been reading my mind lol. Making me wanna get in already lol
+ 18 comments
Dave Ahern's avatar
Dave Ahern
$6.1MFollowers
@ifb_podcast10/26/2022
$LVMHF Ownership structure
At 48%, Bernard Arnault and his family have some skin in the game.
post media
Joey Hirendernath
@joeyhirendernath10/27/2022
Thanks for sharing. A huge stake indeed I remember reading that for a very brief period on 24 May 2021, Arnault became the richest man in the world, surpassing Jeff Bezos with a net worth of 187.3 billion dollars. Literally a couple of hours later, though Amazon stock ticked up and Jeff Bezos reclaimed the spot.

Would love to know the source of this visual :)
+ 4 comments
Dave Ahern's avatar
Dave Ahern
$6.1MFollowers
@ifb_podcast10/24/2022
Adyen keeps building
$ADYEY builds out its embedded finance product to help SMBs get financing when they need it. Love how this company keeps building on its foundation.

PYMNTS.com
FinTech Adyen Debuts Embedded Financial Tools in US and Europe
Dutch FinTech Adyen has launched two new embedded finance products for platform and marketplace businesses in Europe and the U.S.
Benjamin Tan
@consumeowntech10/24/2022
Last interim results were a show of strength for $ADYEY with growing wallet share among its enterprise clients offsetting macro slowdown. Did
not realize that Adyen collaborated with $AAPL on Apple’s tap to pay until H1 2022 results.
+ 3 comments
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