V 4 Me

Visa: Why I Sold All of My Shares

The article writer says he was concerned about the bad news V has been getting. I'm assuming he is talking about the litigation against V by Discover card, and also the "Credit Card Fair Fee Act of 2008" in Congress. To deal with Discover V has 3 billion set aside from its IPO to pay them off. Discover is suing Visa due to anticompetive practices, which in reality the suit should be stating just how good Visa is and Discover can't keep up. Visa has a flawless business model making more money every day and forecast to earn more for years to come. Everyone likes to challenge the "Silverback" in the group and Visas dominance is just being made public now which the smartest investors are learning and jumping on-board.

Also, the legislation going to Congress now aims to reduce the transaction fees cards process, but this will not hurt Visa. It will mostly hurt the banks who get much more of the transaction fee than Visa does. The government doesn't want to hurt the banks, so don't expect that legislation to pass, and if it did it's going to be trival to Visa who dominates the world transacting market.

The founders and majority owners of Visa are very lucky and smart people to have come up with a company that is literally the future of money, us investors in V will only benefit, some of us greatly.

By the way, V is the coolest stock ticker symbol ever, buy it just based on that haha