Jim Cramer on Fiserv: “I am Astonished at the Decline of This Thing, Just Astonished”

Fiserv, Inc. (NASDAQ:FISV) is one of the stocks Jim Cramer put under the spotlight. Inquiring about the stock, a caller noted that they have started a speculative position in it. Cramer commented:

“I gotta tell you, I am astonished at the decline of this thing, just astonished. And at the same time, I would not buy a stock like this until it has some sort of bounce. It just acts like something’s wrong. The CEO’s been on there explaining it. It doesn’t stop. I can’t get into that hornet’s nest.”

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Fiserv, Inc. (NASDAQ:FISV) provides technology solutions for payments and financial services, including merchant acquiring, digital banking, fraud prevention, and payment processing. During the October 3 episode, a caller asked for Cramer’s advice on the stock, and the Mad Money host responded:

“I gotta tell you, that was not a good last quarter, and it was shocking. I think you gotta wait another quarter to see if they can get it together. That was just not that good a quarter. Nothing I could say about it other than that.”

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Disclosure: None. This article is originally published at Insider Monkey.