Todd Lukasik

Competition worries mostly center around the 69% market share the new outfit will hold in PIN-based debit-card transactions, says Morningstar analyst Todd Lukasik.

"The market is incorporating an assumption that First Data is overpaying," said Todd Lukasik, a stock analyst with Morningstar in Chicago.

Concerns about whether First Data is overpaying are based on doubts about whether Concord can hold together its chief asset, Star Systems Inc.

...
First Data has made the bigger banks in the network its partners in NYCE, Lukasik said, binding them more tightly to the network.

"Most of the contracts they sign are long-term contracts," said Todd Lukasik, an analyst with Morningstar.

"They run wonderful businesses," said Todd Lukasik, a stock analyst at investment research firm Morningstar.
...
There's a lot of room for both companies to grow," said Lukasik, the Morningstar analyst.

But the valuation of some big IT services firms gives Lukasik pause.

"ADP and First Data do trade below our fair value estimates, but they don't provide a large enough margin of safety for purchase," he said.

"They run wonderful businesses," said Todd Lukasik, a stock analyst at investment research firm Morningstar.

"They run wonderful businesses," said Todd Lukasik, a stock analyst at investment research firm Morningstar.
...
There's a lot of room for both companies to grow," said Lukasik, the Morningstar analyst.

But the valuation of some big IT services firms gives Lukasik pause.

"ADP and First Data do trade below our fair value estimates, but they don't provide a large enough margin of safety for purchase," he said.

"Aramark's business isn't flashy," says Morningstar analyst Todd Lukasik, "but it is reliable and generates a fair amount of cash."The nature of Aramark's business doesn't require much operating investment, as the company's clients generally pay for the building upkeep at locations where it works.This means "most of its profit is converted into actual cash flow," says Lukasik.

Todd Lukasik, an analyst with Morningstar in Chicago, said an SEC investigation is always reason for concern.