knightowl1953

Visa Rally May Be Short Lived

Your macro analysis is correct but I disagree with your micro analysis. Visa is not immune to this crisis. I agree. But the dynamics of Visa have not changed. People all over the world are turning to cashless transactions. Debit card use has and will continue to increase. Substitution is also a factor. Instead of using plastic for that big screen TV cosumers are using the card more and more for necessities. Yes, this economic crisis may affect Visa just like every other stock. But long term, yes please think two years from now, Visa will surpass MA as it takes its place as the leader of the financial card pack.