Dealing with high inflation
Actually, the payments space ( $Visa (V.US)$ , $MasterCard (MA.US)$ , $Fiserv (FISV.US)$ , $Global Payments (GPN.US)$ ) should be the most at the top of the list. Their fee is based on a percentage of every sale. So higher consumer prices mean higher revenue for the payment companies even if volume stays flat which flows mostly to the bottom line as the incremental operating cost is essential nil.
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want money : Any idea why GPNs ROIC has melted away? FISVs ROIC has been very poor last 2 years also compared historically for them.