Visa stock

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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Mogul of Pineapples
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Visa stock

Postby Mogul of Pineapples » Sat Oct 11, 2008 12:50 am

I know there's another thread on here about Discover's stock price but thought I'd start one here about Visa too.

Visa and MasterCard are different from American Express and Discover since they don't issue cards or loan out money. The banks do all that. You would think companies like that with virtually zero risk would be doing okay, but even Visa (V) and MasterCard (MA) stock has tanked like every other financial company out there.

The argument is that spending will go down which means so will there transaction fees. But they're down 35% in 3 months, do you think their profits will really decrease by this much?
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred


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fffresh
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Postby fffresh » Sun Oct 12, 2008 2:26 am

The current price of Visa's stock is approximately $10 less than it's initial public offering price earlier this year. IPO's are often inflated prices in the first place. For the current price to be $10 less I would say is fairly valued. It certainly is not drastically undervalued as you have implied. With a forward p/e of 23.5 I would say they are still overvalued in my opinion.

kiboko
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Postby kiboko » Tue Oct 14, 2008 12:48 am

Microsoft was king of computers in the 90's and NOW THEY ARE STUGGLING TO KEEP PACE WITH APPLE!!!

Right now Visa is Microsoft and they will only be on top for so long. When there are others out there like AMEX that give more benefits and better service you can't expect some stodgy big corporate monstrasity like Visa to be on the top rung forever.

Go Amex!!!

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Cucumber
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Postby Cucumber » Tue Oct 14, 2008 3:48 am

I can't even folllow the markets anymore they're like a yo-yo or something. :eek:
OBAMA
Stop talking crap about him!

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Mogul of Pineapples
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Postby Mogul of Pineapples » Thu Oct 16, 2008 10:55 pm

I wasn't saying that is is necessarily a bargain but only that it isn't expensive right now. I don't follow these things close enough to know what price truly would be a bargain.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

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fffresh
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Postby fffresh » Tue Oct 21, 2008 5:51 pm

Their stock has been bouncing between 50 and 60 over the past 10 days. Either this stock is highly volatile or it is being targeted by day traders for manipulation.

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Mogul of Pineapples
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Postby Mogul of Pineapples » Thu Oct 23, 2008 5:23 pm

My guess is price manipulation. It sounds like someone has been playing the market like a violin lately.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred



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