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Fiserv, Inc. (FI) stock has declined by over 13% in the last week since its Q2 earnings were released. But was it really all that bad? After all, it generated strong earnings and free cash flow. FI stock looks cheap here. Short OTM puts for a lower buy-in.
FI is at $142.50, down from $165.98 on July 22, just before its July 23 Q2 earnings release. This is well below its $237.79 peak on March 3.