ericji

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    • Thu Mar 20th 18:55 PM | Rating: 0 0
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      Visa: Already Priced to Perfection
      I got it at 58.05 in first day visa go public. I like the follwoing words somebody wrotten:
      Unlike other credit card companies who lend, Visa carries no consumer debt on its books. The company is completely insulated from the current credit crisis. It makes its money from transaction fees which have been rising nicely. Visa handled more than 44 billion transactions last year, totaling around $3.2 trillion, much more than its main competitor MasterCard (NYSE:MA), whose shares are up over 450% since its IPO in May of 2006.

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