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Misho ILIEV

Misho ILIEV
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  • Visa: Keeps On Charging Ahead [View article]
    I have long thought that it doesn't make much sense to buy MA once you already have Visa since both move in lockstep.

    But today with MA charging ahead and Visa struggling, I was proved wrong and I am happy to have "diversified" into MA.

    Funny how thing come out.
    Aug 1, 2013. 05:19 PM | Likes Like |Link to Comment
  • Visa: Keeps On Charging Ahead [View article]
    I have a dim recollection that one of the senior managers at Visa once said on CNBC they have 3% of Square. But i can't find that video.

    (Must have been April-May 2012, around the time I bough V.)
    Aug 1, 2013. 05:06 PM | Likes Like |Link to Comment
  • Visa Swells Abroad As It Better Navigates The Adoption Of Dodd-Frank [View article]
    http://cnb.cx/1aZsjDn
    Aug 1, 2013. 05:02 PM | Likes Like |Link to Comment
  • Visa: A Buy On Future Growth Potential [View article]
    Just keep in mind that the downside today came because of the risk for the interchange fees to be reduced.

    Now I think that even so V and MA have a great future. But some short term volatility is possible.
    Jul 31, 2013. 05:49 PM | Likes Like |Link to Comment
  • Judge swipes MasterCard and Visa [View news story]
    The current rule stays in place but it will be replaced with another one that lowers the fees.

    Does anybody have any idea what percentage of Visa's revenues comes from the interchange fees?

    I see at p.69 of their 2012 annual report that they have:

    Service revenues
    Data processing revenues
    International transaction revenues
    Other revenues
    Client incentives (2,155)
    Total operating revenues 10,421
    Jul 31, 2013. 12:12 PM | Likes Like |Link to Comment
  • Judge swipes MasterCard and Visa [View news story]
    ***Leon said the rule, which has been in effect since October 2011, would remain in place pending new regulations or interim standards. ***


    U.S. District Judge Richard Leon in Washington ruled today that the Fed didn’t have the authority to set a 21-cent cap on debit-card transactions. Leon said the rule, which has been in effect since October 2011, would remain in place pending new regulations or interim standards.

    “The Board has clearly disregarded Congress’s statutory intent by inappropriately inflating all debit card transaction fees by billions of dollars and failing to provide merchants with multiple unaffiliated networks for each debit card transaction,” Leon said in his 58-page ruling.
    Jul 31, 2013. 11:56 AM | Likes Like |Link to Comment
  • The Potential For Credit Card Growth Outside The U.S. - Part 1 [View article]
    Good points but... I wouldn't dismissthe emerging markets so lightly.

    In the last quarter Visa had 570 billion payments volume int he US and USD 304 billion in Asia Pacific. This is far from insignificant and it is growing at a faster pace.
    Jul 29, 2013. 12:42 PM | Likes Like |Link to Comment
  • Visa Swells Abroad As It Better Navigates The Adoption Of Dodd-Frank [View article]
    ***Mobile payments are trying to solve a problem that doesn’t exist for most people.***

    "Apparently, that’s because paying with a phone today is rarely easier than paying with a credit card. Paying via phone often involves a series of awkward swipes and taps to start the transaction, and the process can be disrupted by spotty wireless connections, low batteries or other electronic hiccups.

    Jan Dawson, an analyst at Ovum who covers the mobile industry, agreed.

    “Mobile payments are trying to solve a problem that doesn’t exist for most people,” he said. “You don’t hear people moaning about how hard it is to pay with their credit cards or debit cards.”


    http://nyti.ms/13puieI
    Jul 29, 2013. 12:13 PM | Likes Like |Link to Comment
  • Visa Swells Abroad As It Better Navigates The Adoption Of Dodd-Frank [View article]
    I don't think so. But Visa is working on mobile payments. It is also a shareholder in Square.
    Jul 29, 2013. 12:02 PM | Likes Like |Link to Comment
  • Visa Swells Abroad As It Better Navigates The Adoption Of Dodd-Frank [View article]
    You are right Chuck:

    "China’s UnionPay Data has a monopoly on handling yuan payments. Visa is the world’s largest credit payments processor and would love a piece of that action."

    http://onforb.es/13h0eWk

    Still Visa has an impressive growth in Asia-Pacific even without China.

    Not being present in China is bad. On the other hand it's a still unexplored massive opportunity.
    Jul 29, 2013. 12:01 PM | Likes Like |Link to Comment
  • Visa Swells Abroad As It Better Navigates The Adoption Of Dodd-Frank [View article]
    "With its global position and reputation, Visa will be looking to gain market share in these emerging markets."

    Yes, absolutely. I am expecting this to go on for at least five more years.
    Jul 25, 2013. 05:59 PM | 1 Like Like |Link to Comment
  • Moody's And S&P: Lawsuits Can Be A Good Thing For The Value Investor [View article]
    You were absolutely right! I was thinking mire or less along the same lines but entered far "too late" at USD 52 with a miniscule position and... I sold it last week for USD 56 for minimal profit!

    My timing sucked, the short holding period sucked and went against my principles. Now MHFI is already at 58.71 and I guess it will continue growing steadily.
    Jul 15, 2013. 02:54 PM | Likes Like |Link to Comment
  • Visa: A Buy On Future Growth Potential [View article]
    No, Visa's p/e is about 25. This 81 figure is wrong and is probably based on the provision for the DoJ settlement.
    Jul 8, 2013. 06:08 PM | 1 Like Like |Link to Comment
  • Updated: WFC Is Still Undervalued [View article]
    jclyak,

    I also don't like the generalisation "those banks" and I too like WFC better than many other US banks.

    But let's be frank with Freddie and Fannie, they weren't the primary culprits for all those subprime (crappy) mortgages. A lot of it was privately driven and banks plaid crucial role.
    Jul 6, 2013. 04:23 PM | Likes Like |Link to Comment
  • Tapering: The Fed Means It [View article]
    "The "losses" represent money that cannot be easily removed from the economy when it heats up."

    Alex,

    Yes, you are exactly right!
    Jul 6, 2013. 04:08 PM | Likes Like |Link to Comment
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