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Fidelity National Information Services, Inc. Message Board

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  • touchpointdan touchpointdan Jun 9, 2008 7:55 PM Flag

    Spin Off - What will it do to FIS stock??

    What is your source for the $28 target? And while I see a press release regarding BofA, I don't see anything about WaMu. What's your reference for that?

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    • Also, Bank of America is just discontinuing their mortgage processing business. This is the problem of the new LPS, not the FIS stock. The mortgage processing division was in trouble long before the Bank of America announcement, which is why that business is going to be split off from the thriving transaction processing business.

      I don't think LPS is any more than about a $14 stock that is going to pretty much mirror the economic status and housing bubble.

      HOWEVER, the transaction processing business is thriving industry wide.

      Just wait until the two businesses are separate, and you'll be rewarded. LPS is even going to be a great long term stock if you have some patience, but it is going to struggle until the housing bubble crisis turns around!!

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