Not sure if you are aware that issuing banks get the "VIG"...... Visa and Master Card get a processing fee. The Durbin bill set the amount that processing companies can charge per transaction. I dont think the Fed has anything to do with it.
Kored, didnt you see that 2 years ago Macys quit accepting Visa? Dont tell me you missed that.
the Street mentions in MW the the one of the reasons the utility sector was down today was do to HTM stock dropping. I find that ludicrous among the comments is "we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself."
In other words the stock is down because the stock is down? Not to mention their timing of this report is impeccable....congrats to all us longs
kored35 how are you? I didnt know you were short everything....Wow you really think the market is going to take a dump dont you? Follow the light...... we can bring you back from the dark side.
When it was at .38 as share I heard "it's being manipulated" now that its at .58 a share I hear "its being manipulated" . Now I'm not saying its not, but you don't get much cheaper then a half a buck a share for a company that makes a profit. By now "they" must own a ton of shares and not need to bother or they are really inept and should find another line of work.
Not disagreeing with you but who are these big guys and why would they want to hold it down?
Cramer is an entertainer, he has to come up with comments on 50 stocks a day no wonder he's so often wrong...That being said even a stopped clock is right twice a day.
Allstate will be giving a 4% discount on collusion to drivers who leave their cars in the garage. If you you can prove to the satisfaction of the underwriting dept that you drive your car less then 3 miles per year you will qualify for this discount. Right Frank?
figures since V up 300% (?) the shareholders have money to spend, I find his comments interesting.....He beats the hell out of the greedys.
My daughters all like Apple stuff, I could never see the reason to pay more for it, must be a chick thing. Paypal has a 12 year lead on Apple pay, good luck catching up.
Sentiment: Strong Buy
Thanks for the info, I can remember when you would get 2 or 3 unsolicited cards in the mail but I never knew that about Visa...You might be interested in.this article (Why MasterCard Couldn't Be Happier About Visa's $15 Billion European Megadeal) states that Visa will have to raise rates in Europe.
I agree that V and MA are tech co's. As a tech co the high Pe's are not uncommon. Any idea why they were classified as financials?