Dylan asks if the deal means private equity has a positive view on the economy?
Jeff Macke doesn’t think this deal says anything of the sort. Private equity thinks they can extract value from anything, he explains.
Dylan Ratigan says that FDC competitor Fiserv (FISV) got a boost today on the news and then introduces Jeff Yabuki the Chief Executive of Fiserv who joins the conversation on the Fast Line.
Mr. Yabuki explains that Fiserv serves 18,000 clients with transaction processing. His describes his company as the central nervous system of banks and insurance companies.
Mr. Yabuki says it’s not a sexy industry – but it's a great industry.
After the interview, Eric Bolling adds that he likes the credit card processor space, because it’s a profitable business that has flown under the radar. Fidelity National Information Services (FIS), is another name in the space he feels investors should consider.
Guy Adami likes FISV but recommends investors let the stock come down a few dollars before buying.
Jeff Macke echoes buy FISV on a dip.
Tim Strazzini concurs that FISV is a buy. And he recommends investors stay away from Global Payments (GPN) and Heartland Payment Systems (HPY).
Questions? Comments? fastmoney@cnbc.com
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