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  • Visa: Correction Is Needed In The Price [View article]
    Something really extreme must happen for Visa to fall to USD 156. A stock market crash or something. And then Visa will probably fall much less than most other stocks.
    Jan 10, 2014. 02:32 PM | 1 Like Like |Link to Comment
  • Visa's Amazing Growth Makes It A Buy [View article]
    I read an article recently (I think it was about a MasterCard split) saying that splits are out of fashion of late.
    Jan 9, 2014. 03:25 PM | Likes Like |Link to Comment
  • DAX Index Returns By Year From 1955 To 2012 [View article]
    Yes, timing is important.

    But you are not right that: "Had you bought in 2000 you would just about have your money back." You would be around 25% up. Which is of course quite measly.

    The other thing is that in 2000 DAX reaches a brief peak. But the chance of investing at that peak is not that big. An investment in Dax at almost any other point in time would have returned more than 25%.

    You are also assuming a one-off large investment. In reality investing in something usually mean buying several times over some not insignificant period.
    Jan 9, 2014. 03:15 PM | Likes Like |Link to Comment
  • Visa's Amazing Growth Makes It A Buy [View article]
    Visa closed at USD 222.22

    Nice number.
    Jan 8, 2014. 04:35 PM | Likes Like |Link to Comment
  • Is A 30% Return In 2013 A Good Reason To Sell Your Stocks? [View article]
    Agreed. Depends which stocks and for what reason have they been bought.

    Even if one holds the entire S&P 500 I would still not sell it as 2014 and 2015 are likely to bring higher growth to the US economy.
    Jan 8, 2014. 10:27 AM | Likes Like |Link to Comment
  • The Achilles' Heel Of Apple Is Its Recalcitrant High-Margin Policy [View article]
    Apple should better try to keep its margins very high and provide top notch products.

    Going for lower margins will put Apple in a position to compete a lot more intensely with Samsung and the others. That scenario would not be the beginning of the end of Apple.
    Jan 7, 2014. 09:22 AM | 1 Like Like |Link to Comment
  • Apple Can Unlock 68% More Value By Emulating Google In This Way [View article]
    > Motorola = junk

    Are you sure? Motorola has returned 600% to investors in the last 5 years, hugely outperforming S&P 500, and is now trading at an all time high.

    Hardly junkā€¦
    Jan 3, 2014. 05:00 PM | Likes Like |Link to Comment
  • Visa Has Great Growth Potential, But It's Expensive [View article]
    The article wrongly quotes a p/e ratio of 37.67.

    The TTM p/e is in fact 29. A little expensive but justified for this company. The analysis of its competitive advantage should go beyond the mere cash flow, expected earnings growth, debt to equity, etc.

    There's a lot of other stuff that makes Visa (along with MA) an outstandingly good long-term investment.
    Dec 26, 2013. 06:03 PM | Likes Like |Link to Comment
  • GM: Momentum Stock Candidate 2014 [View article]
    Why do I have the feeling that the momentum will sputter for many of these momentum stocks if earnings disappoint.

    (Obviously this does not apply to AMZN whose valuation seems just plain irrational.)
    Dec 25, 2013. 04:35 PM | Likes Like |Link to Comment
  • S&P 500: Do Not Buy This Dip [View article]
    Certainly not for the next 10 years.
    Dec 19, 2013. 06:14 AM | Likes Like |Link to Comment
  • Visa: Keeps On Charging Ahead [View article]
    Visa reached an intraday 210.46 all time high, and is set to close at an all time high. I'm struggling to think of a better long term opportunity than Visa and MA.
    Dec 16, 2013. 10:39 AM | Likes Like |Link to Comment
  • The Crystal Ball Is Glowing For McGraw-Hill Financial [View article]
    Indeed, Billy!

    After having stupidly sold at USD 56 I got back in at 59 and 62 and no plans to let go MHFI in the near future.
    Dec 16, 2013. 10:35 AM | Likes Like |Link to Comment
  • 10 Undervalued Bank Stocks For The Long Haul [View article]
    Well, I'd say it's more complicated than that.

    Currently interest rates are low on accounts - hence cheap funding for the banks, but interest is also low when banks lend out. I think the case can be made that banks can improve their margins (especially if the general economy picks up a bit of speed). It also depends on whether interest on the loans made in the last couple of years is fixed or fluctuating (this you can usually find in the banks annual reports - check out HBAN, for instance).

    Having said, it is true that the banking business is inherently risky and at the mercy of the interests that move up and down unpredictably.
    Dec 16, 2013. 10:25 AM | Likes Like |Link to Comment
  • 10 Undervalued Bank Stocks For The Long Haul [View article]
    Whoever failed to heed my advice to invest in HBAN in April missed an opportunity to make 30+% in a relatively low risk way...

    (Sorry for the self-centered comment.)
    Dec 16, 2013. 10:16 AM | Likes Like |Link to Comment
  • Visa, MasterCard $5.7B swipe fee accord approved by judge [View news story]
    It's kind of alluring to say that the consumer is screwed.

    But the truth is, I am afraid, that if the swipe fees were lower the merchants would have kept that margin for themselves. If merchants have the market power to charge the current, arguably supra-competitive prices, why lower swipe fees would stop them from doing it still and have better profit margins?

    I see this more like a redistribution of margin between payment processor and merchant, rather than between merchant and consumer.

    Arguably the consumer suffers as merchants become less profitable and provide worse service and less shopping innovation. But then payment processors get more capital to provide better payment services. Who's to make the value judgment as to what is better - more innovative shops or top notch secure payment services...
    Dec 14, 2013. 06:17 PM | 1 Like Like |Link to Comment