Visa Stock Ownership Has Its Privileges [View article]
Americans can't live without credit cards, even in economic slowdowns. It's the cultural norm. They'll always have at least 2 or 3 credit cards in their wallets and purses.
Emerging countries are starting to catch up as more and more are using credit cards now.
Shopping in the internet is also the norm nowadays and credit cards are a necessity for that.
On a side note, I enjoy reading the SA articles not just because of the authors but mostly because of the educated comments by its readers. Keep it up guys.
It's great to see some passionate V investors here like me. It's very encouraging for me especially on down market days. Keep it up but without the personal/character attacks please.
A Reason To Be Cautious on Visa, Mastercard [View article]
Totally biased towards AXP. As the world's getting more and more electronic, V/M credit cards won't be going away. The US market maybe slowing down on using credit cards (which is just going through a cycle) but the emerging markets are just at the beginning stages of credit card use. And the US market will get right back on track after the credit crisis is over.
I hesitated when V was in the $50s, and $60s, and $70s because of bearish arguments just like this one. I'm not gonna get phased this time even though I bought shares at $82.
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Visa Stock Ownership Has Its Privileges [View article]
Emerging countries are starting to catch up as more and more are using credit cards now.
Shopping in the internet is also the norm nowadays and credit cards are a necessity for that.
On a side note, I enjoy reading the SA articles not just because of the authors but mostly because of the educated comments by its readers. Keep it up guys.
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A Reason To Be Cautious on Visa, Mastercard [View article]
I hesitated when V was in the $50s, and $60s, and $70s because of bearish arguments just like this one. I'm not gonna get phased this time even though I bought shares at $82.