User 166278

1 Comment

    • ON: Thu Mar 20th 13:47 PM
      Commented on:
      Visa: Already Priced to Perfection
      I havent gone through all of the comments, but you do realize that VISA is pretty much immune to the credit "crunch?" First off, a great majority of visas sales are for the necessities of life(food, clothes, toilietries, etc). Second off, VISA DOESNT issue credit or interest rates, banks do. THats why you are really rolling the dice if you buy Discover or American express, because THEY issue credit and are very suseptible to the credit issues. However, VISA just takes a tiny bit off each transaction. So even if a person never pays their bill, visa still gets paid. They business is the infrastructure of credit card processing. Also, the CEO was on CNBC yesterday and said Visa actually makes more money from debit transactions as apposed to credit. All of that equals buy buy buy and your guranteed to have a huge grin on your face in a year when this stock is near 100 :). And oh yea, Visa isnt going away anytime soon. They have 3x the marketshare mastercard has, and retail would fall apart if anythin ghappened to visas credit processing.
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