Core Viewpoint - Shift4 Payments, Inc. is proposing to offer €435,000,000 of 5.500% senior notes due 2033 in a private offering exempt from registration requirements [1] Group 1 - The offering will be conducted by Shift4 Payments, LLC and Shift4 Payments Finance Sub, Inc. as the issuers [1] - The senior notes are intended to be used for general corporate purposes [1]

Core Insights - Michael Burry has shared his stock picks after closing his hedge fund to outside cash, expressing a desire to communicate freely without regulatory constraints [1] - Burry's selected stocks include Lululemon Athletica, Molina Healthcare, Shift4 Payments, and Fannie Mae, which he views as long-term holds [2][3] - The current market conditions are seen as favorable for finding undervalued companies due to seasonal selling pressures [1][4] Company Summaries - **Lululemon Athletica**: An athletic-apparel retailer known for premium yoga pants, has seen its shares decline by 52% year-to-date, trading at under 15 times projected earnings [4][5] - **Molina Healthcare**: Provides affordable health insurance and healthcare services, primarily to low-income and senior Americans, with shares down 49% this year, also trading at under 15 times projected earnings [4][5] - **Shift4 Payments**: A fintech company offering payment processing and commercial tools, has experienced a 32% drop in share price year-to-date [4] - **Fannie Mae**: A government-sponsored enterprise that guarantees over $4 trillion in mortgages, its shares have tripled this year amid speculation of privatization [3][5] Market Context - The selected stocks are characterized by their market capitalizations under $25 billion, indicating a focus on smaller, beaten-down stocks [4][5] - Burry's investment strategy emphasizes deep-value opportunities, particularly in the current environment where many managers are reluctant to hold losing positions at year-end [1][4]

Core Points - The article emphasizes the importance of enabling Javascript and cookies in browsers to prevent access issues [1] - It highlights that users with ad-blockers may face restrictions when trying to access content [1] Summary by Categories - **User Experience** - Enabling Javascript and cookies is crucial for seamless browsing [1] - Ad-blockers can hinder access to certain content, suggesting a need for users to disable them [1]

Core Insights - Shift4 Payments Inc. is considered one of the most undervalued stocks on the NYSE, with a recent price target adjustment from Truist analyst Matthew Coad, lowering it to $74 from $80 while maintaining a Hold rating [1][3] - The company's Q3 2025 earnings report showed a 61% year-over-year increase in Gross Revenue Less Network Fees, totaling $589 million, and a total revenue of $1.18 billion, which was slightly below market expectations [2][3] - Strategic acquisitions, including Global Blue, Smartpay, and Vectron, have significantly contributed to Shift4's performance and expansion into new markets [3][4] Financial Performance - Shift4 Payments reported a total revenue of $1.18 billion for Q3 2025, reflecting a year-over-year increase of 29.44%, despite missing Street expectations by $3.74 million [2] - The company's EPS for the quarter was $1.47, which was $0.01 below estimates [2] Strategic Acquisitions - The acquisition of Global Blue has positioned Shift4 as a leader in the luxury retail sector, contributing $156 million to Gross Revenue Less Network Fees [3] - Recent acquisitions like Smartpay in Australia and Vectron in Germany are being leveraged to introduce products into new geographical markets efficiently [3]

Core Insights - The article discusses the author's investment philosophy, focusing on capital appreciation opportunities through high-quality undervalued companies and growth-oriented firms that are reasonably priced [1]. Group 1: Investment Strategy - The company emphasizes purchasing high-quality undervalued companies as a key investment strategy [1]. - It also highlights the importance of investing in growth companies that are reasonably priced, indicating a balanced approach to growth and value investing [1]. - Dividend-paying stocks are considered for investment, provided they are from good companies and correctly priced [1]. Group 2: Community Engagement - The author aims to provide value to the investment community by sharing insights and opinions on stock-picking and investment strategies [1].

Core Insights - Shift4 Payments is a leading financial technology company specializing in integrated payment processing with over 200,000 customers across various industries [1] Company Overview - Shift4 Payments has been building its competitive advantage for many years, indicating a strong market position and customer base [1] Industry Context - The company operates within the financial technology sector, which is characterized by rapid growth and innovation in payment processing solutions [1]

Core Insights - Shift4 Payments is a leading financial technology company specializing in integrated payment processing with over 200,000 customers across various industries [1] Company Overview - Shift4 Payments has been building its competitive advantage for many years, indicating a strong market position and customer base [1] Industry Context - The company operates within the financial technology sector, which is characterized by rapid growth and innovation in payment processing solutions [1]

Core Viewpoint - Shift4, a leader in integrated payments and commerce technology, is actively engaging with investors through participation in conferences and strategic acquisitions, indicating a focus on growth and innovation in the payments sector [1][2][8]. Group 1: Investor Engagement - Shift4 will present at the UBS Global Technology and AI conference on December 3, with CFO Christopher N. Cruz leading the discussion [2]. - The presentation will last approximately 30 minutes, followed by opportunities for one-on-one and small group meetings with management [2]. - Audio webcasts and replays of the event will be available for 30 days on the Investor Relations website [2]. Group 2: Company Overview - Shift4 is redefining commerce by simplifying complex payment ecosystems globally, powering billions of transactions annually for hundreds of thousands of businesses across various industries [3]. - The company is recognized as a leader in commerce-enabling technology, emphasizing its role in enhancing payment experiences [3]. Group 3: Recent Developments - Shift4 has entered exclusive negotiations to acquire Worldline's North American subsidiaries, including Bambora Inc and related entities, with the transaction expected to close in the first quarter of 2026 [8]. - This acquisition aims to expand Shift4's market presence and service offerings, serving over 140,000 merchants [8].

Core Insights - Shift4 has been selected by the Ottawa Senators to manage food and beverage concession payments at Canadian Tire Centre [1] Company Overview - Shift4 is recognized as a leader in integrated payments and commerce technology [1] - The company offers an end-to-end commerce ecosystem tailored for sports and entertainment venues [1] Industry Impact - The partnership aims to enhance the ordering and payment experience for fans attending Ottawa Senators home games [1] - Shift4's technology simplifies the payment process, indicating a trend towards more efficient payment solutions in the sports and entertainment sector [1]

Core Insights - Darlington Partners Capital Management increased its stake in Shift4 Payments by 105,320 shares in Q3, bringing total holdings to nearly 5.1 million shares valued at $392.6 million, representing 13.3% of the fund's $3 billion in U.S. equity assets [2][3][7] Company Overview - Shift4 Payments is a leading provider of integrated payment and commerce technology, employing over 4,000 staff and serving a diverse merchant base [6] - The company focuses on omni-channel capabilities and value-added services, positioning itself competitively in the payments landscape, targeting sectors such as hospitality, retail, and e-commerce [6] Financial Performance - As of the latest market close, Shift4 Payments' stock price was $67.65, down 30% over the past year, while the S&P 500 increased nearly 14% in the same period [4] - Shift4 reported $589.2 million in gross revenue less network fees for the latest quarter, a 61% increase year-over-year, with adjusted EBITDA of $292.1 million at a 50% margin [10] Strategic Moves - The company authorized a $1 billion share repurchase program, the largest in its history, indicating confidence in its growth trajectory [10] - Darlington's investment strategy reflects a long-term commitment to Shift4, viewing it as a core business for future growth despite recent stock performance [9][11]