Mikelandia

Visa: Why I Sold All of My Shares

How about no one is going to pay their credit cards now that there is no more home equity refinance money to bail them out to consolidate?

No one talks about the 800 pound gorilla in the room. Now that we are in a tightening phase. Not as good as my crox and wamu shorts but something stinks on ice. IPO= cashout. Could care less about a dime/qtr dividend. Am I missing something here that we have people going long?

Reminds me of the Blackstone IPO.

Visa Stock Ownership Has Its Privileges

Visa? go short. with home equity no longer bailing out people living above their means it's obvious Visa is cashing out. Credit card companies may think they were slick pushing through bk reform laws but I just don't see a rosey picture for this secter. I'm curious about what factors will push this stock higher considering the next wave of defaults.......revolvi... If people aren't paying their mortgages why would the care more about their credit cards? Am I missing something here?