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Learning, Sharing, and Teaching => Investor Alley => Topic started by: GGNoob on October 02, 2015, 08:33:17 AM

Title: Thoughts on the FirstData IPO?
Post by: GGNoob on October 02, 2015, 08:33:17 AM
The FirstData IPO is now available at Loyal3. Anyone getting in on this? What are your thoughts?

https://ipo.loyal3.com/firstdata
Title: Re: Thoughts on the FirstData IPO?
Post by: imbros on October 02, 2015, 12:39:13 PM
I am considering it, but only with my play money. Their balance sheet is not impressive but there might be that initial pop.
Title: Re: Thoughts on the FirstData IPO?
Post by: GGNoob on October 02, 2015, 12:47:42 PM
Looks like it's no longer available. Up for less than 24 hours. Glad I put my money in right away! I signed up right away figuring I can do my research later and withdraw my reservation if I change my mind.
Title: Re: Thoughts on the FirstData IPO?
Post by: randommadness on October 02, 2015, 12:48:00 PM
I'm addicted to my Loyal3 IPOs so I threw some play money in there. Purely speculative though.
Title: Re: Thoughts on the FirstData IPO?
Post by: NorCal on October 02, 2015, 01:09:11 PM
I formerly worked for a First Data competitor.  I would not recommend the company as a long term investment.  First Data has been losing money for years and the PE guys are just looking for an excuse to offload a money loser. 

They're a commodity player in a specialized market.  They have no pricing power and only exist because they under-price compared to other players in the market.
Title: Re: Thoughts on the FirstData IPO?
Post by: GGNoob on October 02, 2015, 01:16:19 PM
I formerly worked for a First Data competitor.  I would not recommend the company as a long term investment.  First Data has been losing money for years and the PE guys are just looking for an excuse to offload a money loser. 

They're a commodity player in a specialized market.  They have no pricing power and only exist because they under-price compared to other players in the market.

Well, all of my long term investments are index funds. The only reason I'd do the IPO is to hope for a first day pop to make a few dollars.