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Visa post-IPO Question

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March 19, 2008 – Comments (3) | RELATED TICKERS: V

I was unable to get in on Visa's IPO because E*Trade Canada wasn't taking part in it, and I still haven't been able to get in on its trading through E*Trade Canada thus far.  Apparently, it's up at least 48% in the first hour of trading.

I'm curious to know what the higher rated players here believe is going to happen.  I had no problem getting in on Visa @ $44, but with it jumping to $65 in an hour, is it too expensive to grab at this point and is expected to come down once the excitement dies down?  If so, any predictions on how low it should come back down?  Any ideas on an entry level price?

Or should I just grab it at the first chance I get?

Right now, I'm leaning towards watching it for a couple of weeks.

Thanks in advance. 

3 Comments – Post Your Own

#1) On March 19, 2008 at 12:37 PM, dbhealy (87.07) wrote:

I suffered through the same dilemma when GOOG went public.  In that case, I was more concerned with an inflated IPO value.  In this case, I'm more concerned about the price not adjusting downwards (like GOOG did initially) and going nowhere but up.  V is for real, there is no doubt about their staying power and ability to continue to grow revenues, in an up or down market.  Personally, I will try and buy V if it dips below 50, but I'm more likely to throw additional cash at MA.

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#2) On March 19, 2008 at 12:52 PM, TotoMMB (99.44) wrote:

I missed the IPO, but got in early this morning. I don't see this dropping below 50. It might not hit below 55 again. But with a current market cap (calc'd @ $60/share) of 23B vs. MA's 27B, it seems like there should be upside of at least 20%. I don't think it's going to rocket into triple digits, at least not overnight.

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#3) On March 19, 2008 at 12:53 PM, LordZ wrote:

Isn't ironic that only the bankers and bank who had this stock to begin with were the only ones holding it, I doubt there was a regular Joe or person being able to get in at 44.

But what exactly are you buying with V

YOu don't really have any benchmarks or financial data that can't be misinterpreted and skewed.

In their prospective they have like 2 billion to be set aside for lawsuit settlements with discover and master card

Plus they mention how the growth and number and profit they get per transaction has been fading fast.

Again like my prior comments on Visa,

 

ONly the banks and insiders are getting their $$$$

If you buy in at such a 40% premium why ???

How is it that they lured people with a low price then no one can get in once they stir up interest and jack you by asking then twice as much to buy in just hours ???

 I see the horse crap, I smell the manure, but I dont see a horse worth buying at twice the amount

without any hard data... look for a nice fall when earnings comes.

 

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