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Visa operates a global electronic payments network, allowing customers to use credit cards instead of cash.
Best of breed
Visa is excepted at more locations around the world than any other card.
a graham play
split 4:1 on 3-19-2015
four for 1 split today will help smaller investors get into this stock boosting price even more.
The stock split shouldn't make any difference but it will - it puts this stock in reach of many more retail investors - and revived consumer spending will be the basis for sold growth going forward.
VISA .. SORRY I SOLD WHEN IT WAS 58 FEW YRS BACK.. THE LIMITED SHARES IS FORCING THE COMPANY TO SPLIT 4 TO ONE..OUCH... SUCH STOCK COULD HAVE MADE ME A M...
October 2015 will be a big month for the way credit card companies do business in the United States. This is when credit card companies have decided to switch to the new EMV payment method stateside. What the “EMV” payment method means, basically, is that credit cards will no longer use the swipe of a magnetic strip to transfer funds to a merchant in face-to-face transactions. Rather, cards will switch to a microchip and the card will be inserted rather than swiped. Customers will also have the added benefit of being able to choose to enter a PIN rather than merely signing their name. The benefit of this payment method is that it is much more secure than the old sign-and-swipe payment method making credit card fraud much less prevalent. European markets have been using EMV payment methods for a while, because fraud was much more prevalent in foreign markets. However crime will almost always follow the path of least resistance and this case was no different. Credit card fraud is now a huge issue in the states. What this means for credit card companies like Visa, Mastercard, and American Express is that there will be a liability shift when this switch to EMV technology is made. Right now, if someone fraudulently uses a credit card at a department store, these credit card companies usually end up eating the loss. After October 2015, merchants who are EMV compliant will have to eat the loss of credit card fraud. This will make the technology prevalent and lead to a lot less eating of losses.
Visa and MasterCard are the dominate credit card brands and will most likely continue to be profitable as long as humans continue to buy goods on credit.
credit markets will scale with the stronger dollar
I have been using credit cards for most purchases for the last 15 years. People have been paying down their credit cards a bit and I think they will be starting to spend more especially with reduced gasoline prices.Visa (V) has been returning about 3 times the S&P 500 for the last 15 years (24% verses 8%).
If I had to pick a single stock to hold in my portfolio over the long term, it would be Visa. The reason is due to them owning the dominant online transaction processing services which continue to grow and grow, in addition to their entrenched infrastructure in traditional payment processing. But my strategy in owning Visa is focused entirely on their electronic payment processing platforms. We all know ecommerce growth is gong to continue for a long time and Visa is the dominant player in processing all those billions and billions of transactions. I started off in the '90s buying Authorize.net (ANET). They got bought out by Cybersource (CYBS), which in turn got bought by Visa (V). In the process, I have made a mountain of money on a percentage basis (sadly I didn't start out with a lot, so I didn't get rich off it). I continue to hold Visa and continue to watch their chart make a nearly straight line up and to the right year after year after year. Just look at their chart for the past 7 years -- you'll be hard pressed to find another company with such consistent returns.
Great margins, great ROE and ROA, little or no debt, no credit risk, earnings adjust automatically to inflation, regular share buybacks, long growth runway in the 80+% of transactions still in cash. What's not to love?
Visa is critical (along with MA and AXP) to making the world a cashless society. Big growth ahead.
I do not own shares in this stock.
I expect at least a point a week from this stock, for the next five years.
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