Actionable news
0
All posts from Actionable news
Actionable news in FDC: First Data Corp,

First Data Continues to Be a Burden for Private-Equity Giant KKR

Payment technology company First Data (FDC) may be processing millions of transactions, but it isn't making money for private-equity giant KKR (KKR - Get Report) .

Bear in mind that First Data is the largest price-to-earnings holding for KKR, and the 19% stock decline in the debt-laden firm has brought mark-to-market losses for the firm, which has also been hurt by Walgreens Boots Alliance, reinsurer WMIH and several under-performing energy investments.

Walgreens Boots Alliance is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. See how Cramer rates the stock here. Want to be alerted before Cramer buys or sells WBA? Learn more now.

Must Read: Donald Trump Immigration and Wall Plans Would Be a Blow to Western Union

Is KKR expecting too much, making First Data an under-appreciated buy? Let's look at whether First Data belongs in investors' growth portfolios.

In another quarter as a public company, First Data has turned in an impressive performance of 3% year-over-year revenue gains. Although the company's global business solutions sales were down, global financial...


More