August 18th 2010
The Machine Buys FISV Before Warren Buffett
Shares of Fiserv Inc (FISV | PowerRating) enjoyed a bounce on Tuesday as word spread that the world’s greatest buy and hold investor, Warren Buffett, had a taken new position in the stock in the second quarter, adding a $200 million investment in FISV to Berkshire Hathaway’s public equity holdings.
Fiserv is a Wisconsin-based business, specializing in financial transaction and account processing, as well as electronic billing and payments. FISV is a member of the S&P 500.
Traders and investors taking advantage of the new, quantified trend following strategies in The Machine® have also been interested in FISV. But with one interesting difference.
Traders and investors using The Machine were alerted to the potential in FISV back in the summer of 2009 when one of three quantified trend following strategies in The Machine provided a buy signal for Fiserv Inc. That’s more than a year before news broke that the Sage of Omaha had decided to begin investing in FISV for himself.
Think about that: Traders and investors using The Machine were scaling-in to FISV more than a year ago.