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MasterCard Incorporated Message Board

  • workingretiree65 workingretiree65 Jan 20, 2012 11:18 AM Flag

    WedBush Analyst knows Mastercard business better than Mastercard

    The arrogance of these analysts ... and the market believes them (at least for today). Recovery is certain because how can an analysts trump what the company says.

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    • Most of the volatility is driven by hedge fund activity. They lay on shorts as fast as possible and the short programs are computer driven especially in liquid stocks like MA. Who is right Wells Fargo or Wedbush? One upgrade and one downgrade--go figure

    • MA international and emerg markets growth will propel eps. For a company with 23% ROA and 45% ROE growing at 20% in earnings and a 15.5 P/E this stock is dirt cheap. I could care less what some analyst says as 90% of their calls are wrong according to Zacks. The stock was just $374 and now is $340. This is a great buying opportunity. It is great inflation hedge as charges mirror overall prices at retail. i.e as gas prices go up MA revs go up. The only serious threat is other payment systems encroaching on MA and V. For example Paypal is making some in roads. They use MA or V now as the credit alternative but could do something else if volume were triple the current level. Hang in there this is an el primo company

    • 10:53 (Dow Jones) While Visa (V) investors have worried about the effects of new debit-card rules known as the Durbin amendment, MasterCard (MA:$338.94,00$-13.96,00-3.96%) has said the rules could help it steal market share because it has a smaller debit business. Wedbush isn't convinced, though, lowering its 2012 EPS estimate for MA nearly 5% . While saying the company will continue to grow because of its international business, "we believe the implementation of the Durbin Amendment will create a drag on US revenue growth...as well as potential volume deceleration resulting from changes to debit programs." Wedbush adds potential share gains in the debit business are not likely to be "enough to offset these factors." MA falls 2.8% to $343.16. (andrew.r.johnson@dowjones.com)

      Call us at (212) 416-2354 or email kevin.kingsbury@dowjones.com


      (END) Dow Jones Newswires
      01-20-121053ET
      Copyright (c) 2012 Dow Jones & Company, Inc.

 
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