Quote:
Originally Posted by BrooklynBlue
I'm not sure a credit card company is the best bet in the middle of a credit crunch and going into a recession.
That said, I don't keep track of VISA. I just know that some of the big supermarket-style banks are seriously considering dumping or cutting back their credit card divisions, since it's a tough business and we're kind of at a bad point in the cycle.
Credit card delinquencies are showing signs of increasing, which I'm guessing would not be good for Visa. But in a near-duopoly, I guess they'll do well in any market.
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Visa is a transaction processor. They don't issue credit.
But, yeah ive been in it from the start. Its my biggest stock, I threw a shitload of cash at it.
Its going to PAY Big, shit it already has.
Watch after hours trading after the financials, I bet it hits 80.