Quote:
Originally Posted by slavdogg
you have no brains
VISA and MC have no exposure to credit troubles
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yes, they have no exposure, but wait a moment. why they are doing IPO when financial sector is in huge recession?
from somewhere else:
"Visa is obviously anticipating a lot deeper recession than all the talking heads are projecting. Otherwise, Visa would wait until the 2nd half of the year when the "shallow" recession blows over and consumer spending ramps up again. There is no other explanation why Visa would be doing an IPO in what is clearly a horrible environment. "
Take the money and run, while numbers are still good.
this is the case.