Are Visa and Master Card About to correct ? Did you see the article today from Wall st Cheat Sheet ?
If you read my ealier post which you all gave thumbs down and then read this article you will see the article tell syou exactly what I said right down to the PEG ratio and 165 fair stock price.
Now who is man enough to admit I was right and give me a thumbs up ?
The only thing I disagree with is the growth rate in the article says V growing at 18% but I distincly remember they only grew 9% last quarter someone correct me if I am wrong so in actuality the stock should be about 90 or 100 but I said 165 due to the fact it is a dow stock prestige brand name etc but in fact we both came to the same stock price in the 165 range...
8 more points to go to break 200 but I am expecting the 161 52 week low to be tested.
There is no reason for this to have a pe of 27 with a 9% growth rate and I am expecting that growth rate to go to 7% or less in the current quarter as consumers tapped out on hidden inflation..