— Jeff Ward, Lehigh Valley News Briefs
— Update: Shift4 Payments’ closing price Friday was $91.62, up $2.41. —
Shares of Shift4 Payments topped $90 early Friday, a price last seen when the company considered buyout bids.
Founder and Chief Executive Jared Isaacman said then that the Lehigh County-based payment processed didn’t get an offer high to consider.
Since then, Shift4 has added clients, expanded in Europe and focused on “profitable growth” in its own words.
Also, Isaacman made his second venture beyond Earth and went on a spacewalk.
Perhaps investors wonder if the founder/billionaire/entrepreneur/astronaut may wish to try something new?
Perhaps Shift4 (NYSE: FOUR) is now big enough for a larger competitor to want to take it over?
The above is speculation on my part. Note that Shift4 is one of three Lehigh Valley-based companies that are traded on the New York Stock Exchange. Air Products (APD) and PPL (PPL) are the others.
Isaacman founded what is now Shift4 in the basement of his family home in New Jersey in 1999.
He was 16. A quarter-century later, he’s 41 and worth a couple billion dollars, according to Forbes.
Upper Saucon Township-based Shift4 processes credit payments for sports teams, hotels, restaurants, stadiums and other businesses.
At 10:32 a.m. today (Friday, Oct. 4) shares were at $90.18, up 97 cents, after earlier touching $91.11.
— Disclosure: I own Shift4 as part of a buy-and-hold strategy. I do not day-trade or invest in derivatives.
Lehigh Valley News Briefs 