Larry Bellehumeur

Visa: Not Everywhere I Want to Be

Take Visa and MC for more "secure" approaches with less downside risk, due to the fact that they are only "networks". Take AXP for long-term growth, as a play on the rebound in Consumer spending, which will happen at one time or another. As long as you have a 3-5 year time frame, you will make a lot of Cash on AXP.

Disclosure -- Long AXP, V