Mastercard Incorporated (MA)

All Comments on MA

  • commenter
    Andrew
    Horowitz
    Mar 25 06:08 PM
    My Website
    Double Whammy: Bank Card Companies May Be Next [view article]
    Is it me? Or has anyone else noticed the venom and lack of constructive comments posted when someone suggests a short? Like clockwork, the name calling and stab-and-run gang posts comments with nothing to add. Come on.. boilerplate? Shallow? I would like to see your analysis.

    Hello? I would wager that both Iceman and Forrest are one and the same.

    And, shorts working out so far, thanks. (did anyone see the downgrade today?

    www.thedisciplinedinve.../     Reply
  • commenter
    kansas
    Mar 25 05:30 PM
    Double Whammy: Bank Card Companies May Be Next [view article]
    Add to the credit card impending disaster, the sub-prime auto and home mortgage business the fact that COF's recent conversion of their deposit systems was a disaster and that their employees have recently collected their annual boneses and hundreds of employees are resigning, I expect the stock to plummet and they will be begging for someone to acquire them. Also, the Hibernia bank employees will becoming to the end ot their contracts in the near future and they will be running out the door. In 2006, when COF acquired NFB, Dick Fairbank and "Johnny-slick&quo... Kanas made about $500 million in compensation and now "johnny-slick&quo... goes around bragging how he cashed in all of his COF stock. Did he do right by the NFB stockholders and employees or for himself? Reply
  • commenter
    jimmy46
    Mar 25 01:59 PM
    The Visa IPO: Taking a Wait and See Approach [view article]
    I can't believe how many simple minded people think because MA went up so much that V will do the same.

    LOOK AT THE NUMBERS PEOPLE.

    MA has a market cap of 30 billion 7 times rev
    V " " of 50 billion 8 times rev

    The MA IPO was priced low and people got a one time windfall
    V was priced high and they didn't leave any money on the table.

    The fact that a share of MA is $228 and V is "only" $64 is meaningless.

     Reply
  • commenter
    who
    Mar 25 01:05 PM
    Credit Cards by Country [view article]
    It is not so much card per person, but the total credit limit and actual spending on daily needs and comfort items.

    More and more people from India and China are approaching middle class hence more credit cards. Also, in these countries owning a credit card is status symbol.

    Hence, it can only be up, up, and up....     Reply
  • commenter
    Iceman
    Mar 25 12:57 PM
    Double Whammy: Bank Card Companies May Be Next [view article]
    Your analysis is shallow and dependent on too many surface issues - you ignore the role of the bank integration and actual portfolio underwriting. Dig a little deeper next time.

    Hows your short position working out?

    Reply
  • commenter
    WAKEUP
    Mar 25 12:34 PM
    Double Whammy: Bank Card Companies May Be Next [view article]
    Maxed-out credit cardholders will simply not pay this unsecured debt. There will be millions of these people doing this, in 2008, and beyond. Why will this happen? Because these same people will be using what money they have, to pay secured debt. Then, transaction fees will tank, and maxed-out receivables will have to be written off. Reply
  • commenter
    Forrest
    Mar 25 12:17 PM
    Double Whammy: Bank Card Companies May Be Next [view article]
    This article is no more than typical boiler-room talk to add support to the author's short position. You may be able make a couple of bucks in a daily short position, but don't look for the big drop to twenty any time soon. Reply
  • commenter
    beni
    Mar 25 12:06 PM
    Credit Cards by Country [view article]
    This chart is incredibly misleading since the vast majority of people in China and India are subsistance farmers. To get a good sense of credit card opportunity, you need to count "bankable" people only. A good proxy may be numbers on the emerging middle class in these markets that we keep hearing about Reply
  • commenter
    Norman
    Lepoff, M.D.
    Mar 25 10:13 AM
    Jim Cramer's Mad Money Lightning Round: 3/24/08: A Darling CEO [view article]
    Cramer cares more about his "darling CEO" buddies than all the viewers who have lost money by listening to his foolish advice. Cramer should be off the air! I change the channel as soon as I hear Cramer's voice and advise anyone else who cares about their money to do the same. Reply
  • commenter
    Norman
    Lepoff, M.D.
    Mar 25 10:05 AM
    Jim Cramer's Mad Money Lightning Round: 3/24/08: A Darling CEO [view article]
    I feel sorry for all the people that lost so much money thanks to Cramer. Reply
  • commenter
    djmemphis
    Mar 25 10:05 AM
    Double Whammy: Bank Card Companies May Be Next [view article]
    A couple of other things I learned researching this short. How about the fees that COF earned from securitizing its receivables? There is currently no market for these receivables leaving COF with a greater percentage of the rising volume of revolving consumer debt on its balance sheet. Great boost for earnings in the very short term. Further, COF has always had a penchant for issuing multiple credit cards to the same individuals. These are the same individuals that are paying off other credit cards, mortgages and fixed expenses with additional debt. CC debt will be the last to collapse because cc companies are the creditor of last resort. These factors leverage COF's exposure to rising delinquencies. Finally, the first credit cards consumers will allow to go delinquent will be those where they do not have a banking relationship (and thus access to their deposit account). The former Hibernia pales in comparison with Chase and Citi in this area.

    Also, in response to one of the previous posts, the economic stimulus will not be a boon to COF as people using it to pay down cc debt will result in less interest income to COF.

    I am short COF and about to get shorter. The last quarter at Discover was certainly not an outlier. Thanks for clearing up for me why this stock keeps going up. Dividend boost was free, buy back allows insiders to cash out, and who's left holding the bag? Not me.     Reply
  • commenter
    SUKITEZ
    Mar 25 02:39 AM
    The Visa IPO: Taking a Wait and See Approach [view article]
    Visa will definetly go big-way stronger company than rival MA which did nothing but rise-All I can say is numbers dont lie Reply
  • commenter
    Andrew
    Horowitz
    Mar 24 11:45 PM
    My Website
    Double Whammy: Bank Card Companies May Be Next [view article]
    Hello and thanks for the comments and input. If you notice, I said that MA and V aside as I am well aware there is little or no credit risk. This article is squarely focusing on Capital One.

    While there may be other companies mentioned, that is the ONLY one in focus.

    I discussed on recent podcast as well: www.thedisciplinedinve.../



    So, with that cleared up... does it make more sense?

    Andrew     Reply
  • commenter
    sternsss
    Mar 24 10:48 PM
    The Visa IPO: Taking a Wait and See Approach [view article]
    And with newer generations joining the ranks of society, more will apply for visa cards. The older generations are not so keen about using visa, but not for the new generations. Some use the card because of the points they can earn to change for free gifts. They still pay back the loan at the end of the month. So as we can see, its a win win situation! Huat Ahh! Reply
  • commenter
    Anthony5000
    Mar 24 10:33 PM
    The Visa IPO: Taking a Wait and See Approach [view article]
    Hey guys don't forget about the Millions of government checks that the government is going to send out. That is like several billion dollars. What do you think most people will do with it? Some will put in the bank and use there VISA debit cards to purchase things or some will pay off there debt to Visa. Either way Visa will totally cash in on the government's way to stimulate the economy. All I can say is give Visa time. Reply
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