MA and V are not suffering from increased wave of credit problems
MasterCard and Visa have a different business model than American Express, Discover Financial, Capital One (NYSE: COF), Bank of America (NYSE: BAC), and the other credit-card lenders. Rather than actually lending money to people, the big two credit cards just collect transaction fees. As a result, MasterCard and Visa are not suffering from the increased wave of credit problems; instead, they're actually thriving in this environment, while the other lenders are hurting.
That is correct! And the company has already told us that they guide higher by DOUBLE DIGETS FOR THE NEXT 3 TO 5 YEARS. I am long! I can wait and the shorts have to cover!!! Buy more if you have dry powder!