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The Credit Card Industry Is Facing New Regulations [view article]
Grace- I recognize you as the author of the article-banks have a 3 year restriction period (unlike the standard 6 month lockup)
No- they won't 'flood' the market. These are not some guys out of a boiler room looking to dump the stock. IF they sell- it will be in pre-arranged blocks and in increments and we have 3 years to worry about that :)
Next- Its trading above 200 to 1 due to the fact that there were many ONE TIME charges last year due to the corporate restructure, litigation reserve costs- and other non-rec charges (see the prospectus)- They came into q 1 as a new public co with a loss- q2 was their first reporting unit and was at a profit (above analyst expectation)- bottom line- look for the pe to come down substantially.
ALso- C class euro shares are being bought back this year- (the euro shares) which will furthuer UN-dilute the outstanding. B class shares convert at .79 to 1- FURTHER reducing outstanding.
Sadly- most people haven't read the prospectus- but astute investors have, which is why you have seen the share price almost double from its ipo price.
Last- today and yesterday WERE the pullback- now is a great entry point- and we will see a big run pretty much straight to 100 -------
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The Credit Card Industry Is Facing New Regulations [view article]
Here's a question, eventually the IPO shares that the banks are holding they'll sell it right? won't they flood the market with more V shares? How long are they locked up before everyone starts selling? Wont' that put downward pressure? Why is it trading at 210 times PE? Just at these levels I'd wait for a pull back before I buy. ReplyThe Credit Card Industry Is Facing New Regulations [view article]
I'm buying V until the PE hits 1000 to 1- that will be when I feel it is overvalued. ReplyThe Credit Card Industry Is Facing New Regulations [view article]
Enter your comment hereYou know it takes several million years for a piece of coal to turn into a diamond. Looking at it everyday won't make the process faster. ReplyThe Credit Card Industry Is Facing New Regulations [view article]
We hate: credit card companiesinsurance companies
banks
medical insurance carriers
auto insurance companies
homeowners insurance companies
pharmaceutical companies
politicians
But, we LOVE our "V" ...Keep proving the dumb analysts wrong..
V Rules !!! Keep on keeping on Big V .....! Reply
The Credit Card Industry Is Facing New Regulations [view article]
Lower interest lead much more spending by the card. Nothing to stop V go up and fly... ReplyThe Credit Card Industry Is Facing New Regulations [view article]
The rebates are in the mail!!! Would that be Debit or Credit??? ;^) Replyconscience
The Credit Card Industry Is Facing New Regulations [view article]
I fib a little sometimes. Please forgive me. At any rate, the whole point is credit card banks have been ripping people off and now it's time to stop. End of story. V winner is so confident in his stock, he has to hype it on message baords. What does that tell you? hehehehe ReplyThe Credit Card Industry Is Facing New Regulations [view article]
Chemist- your best revenge is making money by buying V- I have made more money on that stock than I have or will pay in Credit cards (balance and interest!) for the rest of my life............ ReplyThe Credit Card Industry Is Facing New Regulations [view article]
One more comment, a pet peeve about every card I have. They offer you a deal, a transfer, a loan, all with no interest for many months. Except, you have to look hard (sometimes referred to card agreement, if it can be found) to see there is a "transaction"... charge of 3%. Well, if it was to be paid off in 1 mo, that is 36% interest. Most people won't pay it off that quickly - the example above is an extreme.The other point, again well hidden, payments you make on your card will be applied to the lowest interest balance - the special 0% interest balance, while any balance you had previously will sit and collect interest until the 0% balance is paid off. Then, when you realize the scam that was just pulled on you, and you quickly pay off that 0% loan, you have already paid a very steep interest on it through that transaction fee. Reply
The Credit Card Industry Is Facing New Regulations [view article]
This is what it is about. I just rec'd this week an announcement from C___ (4 letters) that my interest rate was going to zoom from 8.2% to 13.99% post dated to Feb 1. I am carring 2K debt on it and paying it down at 10%/mo. No reason for the interest increase. The card is going in my desk drawer. Once the debt is gone, I will never use it again. But let them continue to send me 14 offers a month. Hahaha! ReplyThe Credit Card Industry Is Facing New Regulations [view article]
bullbaker, very cool logic! i have to agree with you. this new law will actually instill a new level of trust and comfort in people, by knowing that they may use their cards more often, with the knowledge of knowing that they can't be squeezed so easily anymore by the banks. ReplyThe Credit Card Industry Is Facing New Regulations [view article]
What gets me is how just one of my credit cards rates, jumps up for no reason!This is how they gouge there best customers? , but you see, they have to recoup all the losses incured, from bad Banking desions! The Large Investment Bank, who's name is on it will lose my biz, my other cards have remained at there same low rate.There where Biz news outlets complaining of this in Jan. I knew the Gov would step in, there is so much more to hit the fan, All the Politics will step up to get air time, it's election time. The more they touch, the tax payers lose! Next the Fed can buy me a huge Gas drinking SUV, along with student loans, CDO's or a Bank or two. Reply
The Credit Card Industry Is Facing New Regulations [view article]
Just remember, these regs don't effect V- as V doesn't carry credit balances.... ReplyThe Credit Card Industry Is Facing New Regulations [view article]
I agree with Bullbaker. This is allow MORE people to use Visa freely and often, not less. Reply