visa aint the same biz as MA...visa incurs defaults ma doesnt.MA has no risk they just collect the 4% fee the banks are stuck with the delinquent debt-not ma.Visa is on the hook if credit card hiolders default. This smells like bx.Lock in at the top-right before credit cards start defaulting like crazy.
According to this article, Visa is exactly the same as MA. They only get transaction fees and have no exposure to defaults. http://www.washingtonpost.com/wp-dy.../02/25/AR2008022500778.html?hpid=sec-business Also says that Visa has over twice the market share that MA has. Sounds like a great arb play.
this would be a very hot ipo if we were a year back. But given the current market conditions/problems and the potential pending credit card problems, it maybe not so wise to dive in head first...
I'm short MA, it broke 50 dma, I may get whipped sawed but daily chart says near term down direction like GOOG. Anybody else?
It is a little joke if you live in USA, and see commercials on TV, priceless! They have emotional icons also. They have all kinds of advertisements, take this one: buying a hot dog at a baseball game $3.99, a day with your kids, they will never forget "priceless"! You can buy things on credit card which create memories, that the joke of it!
7 hours ago Visa Moves Up IPO Offering For Wednesday Trade Posted By:Bob Pisani Topics:Investment Strategy | Stock Market Companies:Citigroup Inc | Bank of America Corp | Bear Stearns Companies Inc | Wells Fargo and Co | JPMorgan Chase and Co Credit card giant Visa, which was scheduled to price its mammoth IPO Wednesday night for trading Thursday, is moving the offering up to price Tuesday night for trading trade on Wednesday. Four hundred and six million shares will be offered between $37-$42, all by the company (42 percent of the company is being sold). This should eventually translate into a nice windfall for JP Morgan (23.3 percent), Bank of America (owns 11.5 percent), Citigroup (5.5 percent), and Wells Fargo (5 percent), who are all shareholders. JP Morgan and Goldman are the lead managers.
Does anyone know what is the lag for when options will be trading on Visa (V)??? Will it be immediately, or a couple of days later?