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Visa operates a global electronic payments network, allowing customers to use credit cards instead of cash.
Visa just picked the wrong time for an IPO. The credit crunch hasn't even begun, as I see it, and there will be no doing business the way we've always been doing it, for a while. It's an attractive stock, to be sure, and in the long run will be a winner. but for a while, I think a few fortunes are going to be lost.
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