Mastercard?

What's up with the drop today? I don't see anything wrong with the numbers. Anyone have an idea?

 

The last 3 quarters MA has beat by .34, .15, and .41 respectively. Today's beat was only .11. Since the stock has more than doubled the last year, people wanted to see a better BTE (better than expected) to justify continuing the run. Didn't get it so they are selling it off (today at least).

 

That's what happened.

RoughTrader

 

Anyone think this is an overreaction or is this stock done ?


They did beat estimates, just not by much.

 

There's concern about the crisis with mortgage debt spreading to credit card debt.

 

Bigcharts.com shows another record high price on November 1, 2007 for Mastercard stock. The Standard And Poors 500 index closed about 2.6 % lower but MA prints a new high price.

 

Hmmmm.........?..........150, 120, 196! There's diminishing concern about the crisis with mortgage debt spreading to credit card debt. Priceless!

 

Credit Card Debt is going to be the next big problem in US since many cannot borrow from their houses anymore. Of course this is just another area being totally ignored RIGHT NOW.

 

How does credit card debt negatively effect MA?

 

Yes us message board experts are so much more smarter than the market, like always