Congrats to all of those who were able to nab a few shares as it hit $55 today. As of this post it is trading around $60/share. Originally priced @ $40/share price was upped last night/late this morning to $60/share. Continue to watch and see how this stock performs. Things should be interesting.
What are your thoughts? I am still Bullish on VISA, however, I am not too thrilled on the $60/share price. If VISA comes down around the $50/share price I think then it is a great value. ~Ian
If you’re looking for a short term run up, it’s not that type of buy. If you’re looking for a long term 3+ years, this is a great stock. I stood by myself and screamed at the world to buy MA when it debuted. It flatlined for a while until it rocketed up to over 200 bucks a share.
I remember actually arguing the merits of MA with an investor at the time. His concerns: Antitrust litigation, high P/E relative to financials at the time, and growth concerns. Sound familiar?
The relatively high P/E is still a concern for Visa. Still, looking forward I think the stock is cheap. Visa is a monster. I love monsters.