Cat~eyes

Credit Card Breakdown: AmEx Disappoints, as Predicted

VCashCow: Great analysis of the information...

Credit Card Breakdown: AmEx Disappoints, as Predicted

I think Amex will be around in 2 years..of course, I just don't think some of the banks will be.

And yes... ALL stocks now matter what sector, will have highs and lows..it's one big roller-coaster ride.

Credit Card Breakdown: AmEx Disappoints, as Predicted

Adesai: Good to see you.. you're right on with the data regarding the rapid global growth that both V and MA are experiencing.

I know 90% of the people here understand this but let me re-state it.

1. Visa and MasterCard are in the Services sector. American Express is in the Financial sector. Apples and Oranges.

2. Visa and MA will NEVER turn into a credit issuer as a previous poster suggested, they will never be worried about whether someone defaults on their credit or pays on time.

3. As a poster here pointed out, Amex is experiencing huge amounts of large credit line defaults - again, an issue V or MA will never have to deal with.

4. "Although charge-offs are picking up recently, that's not a big deal, these losses can be offset by hiking overall rates on customers, or hiking fees on Merchants" - mojo

- Yeah... and the consumers are just going to rush right out and apply for Amex because they want to pay the extraordinary fees that won't amount to a drop in the bucket in terms of making up for the huge charge-offs and credit defaults Amex is dealing with now.

5. I'm pretty sure I won't look back in 2 years and wish I'd bought a few shares of Amex today.
Even though I think financials will eventually come up for air. There are just some credit issuers, lenders, and banks that won't survive long enough to catch that life-saving breath.

Why American Express Should Be Ignored

Meant "Discover", sorry :)

Why American Express Should Be Ignored

mojo:
Take a look at the Relative Strength Index (RSI) for Visa (V). Comparing it with the S&P, Dow, MasterCard, Discovery, and American Express, you'll find that Visa OUTPERFORMS all of these over a 6 month and year-to-date time line (caveat: MA has surpassed Visa for the last 2 weeks based on RSI).

While this may not be an indicator of who is the "better business", it clearly shows that V clearly outperformes versus the S&P, Dow, and other Credit Cards... a pattern emerges.

Why American Express Should Be Ignored

Thanks for the link mrbill.. it's been a while since i took stats, but I think I can figure this out based on the formulas given (especially in the average growth approximation).

Why American Express Should Be Ignored

Can anyone here explain (in layman's terms) how to find the fair value of stocks? I know it's not black and white, but some explanation would be helpful.

On a different note, I know people here think Visa bloggers 'drank the kool aid' but there are a few of us who actually understand that ANY stock is a risk, and there is NO stock that is all good news. You need to know about the good and the bad, equally, to be fully informed. Otherwise, it is a cult.

And for those that bought any stock thinking it would put their kids through school, etc, should prepare the kids for home schooling with the market being what it is now.

Visa Keeps Charging Ahead

Here's a link to the Webcast of VISA at the UBS Electronic Payments Summit from June 4, 2008. Elizabeth Buse, Global Head of Product for Visa, is the speaker. The audio is approximately 30 minutes long. It updates Visa's stats and plans for the future we last heard about during the Q2 earnings report.

For Windows Media Player: events.streamx.us/US/e...

For Real Media Player:
events.streamx.us/US/e...

You all know I value everyone's opinion on these blogs. I'd love to read articles WRITTEN BY YOU, not just your comments on others' articles. So without trying to sound too 'rah rah', I want to again invite you over to visaglobalwinners.blog.../ . Click on the Become a Member link at the upper-right so you can write your own articles and join in the discussions!

Visa Estimates Upped Through 2010

It's another beautiful day in V-land! For those of you who own Visa shares and are wanting to blog just about Visa and share all of your opinions on V, come on over to VisaGlobalWinners.blog... . We look forward to seeing you all there!!

Visa Estimates Upped Through 2010

Well said, Frankmeister... I'm not sure who you were referring to (it doesn't really matter) but your point is solid. I wish more people would stop harping on the P/E when they don't understand what gems can lie beneath the ratio.

Visa Estimates Upped Through 2010

I'm posting a link to the UBS Global Fincancial Services Conference from May 14th with Visa CEO Joe Saunders and CFO Byron Pullitt. This is only the PDF format of the charts/graphs they used to make their points during the interview, but there are some GREAT and user-friendly charts here. Click on the link to see all the charts (PDF.format)

library.corporate-ir.n...

I'll be posting the audio interview with the CEO and CFO from this Conference (as soon as I find it!) over on the VisaGlobalWinners.blog... when I get home tonight, along with some commentary on some of these charts. I hope you all enjoy!

Kzoink: This is my last comment to you. I've held my tongue, but there's one last thing I'm reminded of to end my comments to you with. Much like children in a sandbox, a bully will keep bullying someone until that person stops paying attention and ignores the bully. This causes the bully to go into a frenzy and actually increase his harrassment and scare-tactics to try to force a response out of his 'victims'. If the 'victim' is consistent in their refusal to engage or respond to the annoying and increasingly abusive tactics, then the bully will eventually get bored, frustrated, and move on to other things. The 'victim' has regained power and not allowed the bully to control their emotional response. It's an age-old like lesson and one that I feel is warranted repeating here.

This is Seeking Alpha... Not Seeking Revenge by Any Means Necessary or Seeking Listeners to My Temper Tantrums. Leave this site alone. For those that actually wish to listen to your rants, they are welcome to join you on "your" (I use that term VERY loosely) website and join in on the useless and un-informing banter. For the rest of us, please take your hatred and nonesense elsewhere.

Visa Estimates Upped Through 2010

Plantinseeds: You're right... In the JPMorgan interview, Joe Saunders said, among other things that, “We’re planning a dividend”. We’re anticipating share repurchases in the fiscal 1st quarter of the 4th quarter of this year. We won’t do anything until after we buy back European shares in October. At that time 57% of the company will be in public hands. “We will never do anything that allows the banks that own part of Visa to own more than 49%.” I don't think he mentioned how much the acquisition would cost, but I'm sure it will be worth it in the end.
On a side note: I'm sorry you were removed from the other site for no reason. I hope you know that V was not the one who made that call.

Looking: I agree that anyone running a site that insists on reading all posts before they go up is in the business of censorship, not information sharing. But that's his choice to make. But you're right.. he took something that wasn't his and turned it into a personal crusade. It is simply sad and I hope everyone can move on from this and get back to the business at hand. I just want everyone to forget about that old site and it's obvioius agenda. SA isn't the place to talk about it, anyway, but you're welcome to blog about it under the Whatever post on the new site. But it will not be in the business of personal bashing, only the sharing of truthful information.

Visa Estimates Upped Through 2010

Adesai and Fencer1: There's a lot of reasons but the upshot is that the guy who only set up the site from a computer standpoint shut it down over a simple dispute without notifying anyone first. He then posted the resulting emails after V Winner found out that his site had been destroyed and that hundreds of hours of work had been destroyed. He was obviously upset.

However... GREAT NEWS! There is a new site, same format, same great philosophy.. and it's at visaglobalwinners.blog.../

So come on over and please spread the word to those Visa share-owners that want a drama-free zone to learn, share information, and state their opinions in a great place!! So come on over!

Let's get this wonderful site up and running to its full glory as it was before!! I look forward to seeing you all over there!!

Visa Estimates Upped Through 2010

Jake, you're right though. International transactions (or cross-border transactions) currently account for 40% of all Visa transactions. The other 60% originate in the U.S. CEO Joe Saunders predicted that the number would be about 50/50 in the next 12-24 months, so you can imagine how quickly and how big the international growth is going to be!

Visa Estimates Upped Through 2010

Zack: I don't think the credit crisis is the overriding story (just my opinion). Remember, Visa has nothing to do with the debt people owe. Visa doesn't issue credit to people so people owe the banks that issue Visa money, not Visa itself. Visa gets paid everytime someone swipes their card for either their credit card or debit card (transaction fees). The only factor related to the credit crisis here is the misconception by many that Visa is somehow a financial and it sometimes gets lumped in with all the bad news on the credit and financial news. It's an emotional and illogical reaction to sectors Visa isn't part of. But that's all just my opinion. Good to meet you!