User 172125

Credit Card Spending on the Global Rise

Prognostic- First let me correct you- I never say something WILL reach 300. I THINK V will be 300 within 2 years. Please don't put words in my mouth.

No- V can't keep running (as fast)- thats a fact- Rather than deal with opinion and conjecture - I recommend that you (and anyone interested in V)- Go to the Visa corporate website (not the cardholder but corporate)- Take a look at the powerpoint from the quarterly conference call on Monday. This will enlighten you.

Keep in mind that 11/12% year over year - is a conservative estimate - global expansion was factored in at a much smaller rate than they are already achieving. Whats more important is the cash to plastic transition thats taking place right now- and I think this area is greatly under-represented in all the predictions.

Now - what I have said all along is that I expect V to be 100 within the next 2 quarters (but the way things have gone lately - that should happen within a quarter now).

Sometimes stocks make their own rules.....Visa is the biggest ATM on earth for those that own shares. The reason that people are buying the stock is that Investors are confident that the co will grow into its PE-

I believe we will hit 200 in 2009 (which V has predicted would be a much more profitable year), and that it will hit 300 in 2010- by the time the company has settled most litigation and the transformation from cash to plastic is further along.