Fiserv Value play or Value trap?

Fiserv $FISV, a Michael Burry pick, has seen a brutal sell off in the last 18 mths , dropping 75% from its ath of $238 to the current bargain basement price around $50 Does it deserve the sell-off or will it recover? Fiserv is a monster, positioning itself as essential banking & financial infrastructure, a rock solid unassailable MOAT yet it is priced like it's going bankrupt even though it is ranked no1 in the IDC fintech top 100 list 1.8 billion issuer accounts, 330+ million deposit and loan accounts, $4.6 trillion in annual global merchant payment processing volume, 300bn transactions per year (about 10,000 transactions per second), biggest payment infrastructure companies globally, 95% of US households use Fiserv's products through point-of-sale systems, card processing or bank accounts. They operate in a number of key areas: Providing secure backend software, platform systems, mobile banking apps etc for small & medium sized banks & credit unions, very sticky, once embedded it is extremely difficult, expensive & disruptive to switch (99% client retention rate speaks for itself) Clover, the main growth driver - point-of-sale & business management for SME merchants, if you've tapped your card in a restaurant or retail outlet the chances are you've used Fiserv, keep an eye out for the green leaf logo on the card machine, that’s Clover Carat - Card processing for large corporations & enterprises, Carat processes millions of online & in-store credit card transactions each day STAR: Fiserv’s proprietary U.S. debit card network The company does have significant debt, however it is well managed and mostly in the form of long dated bonds with a low weighted average coupon rate of approx 4.2%**,** the maturity dates are staggered from 2026 out to 2049 TL:DR Fiserv is a monster, positioning itself as essential infrastructure, a rock solid unassailable MOAT priced like it's going bankrupt