Quote:
Originally Posted by slavdogg
Google IPOed in the last week of August when all the traders are on vacation. Didnt hurt them, did it ?
Visa's IPO has been in the pipeline for well over a year.
As far as recession, well it only helps them. More people use credit cards for their purchases during recession i would think instead of cash.
|
But the Google IPO was not in recession times, there is less companies IPOs in recession for a reason....
Yes, during regular recession CC are used more then in good times...but current recession will be different, because easy cheap debt bubble is going to blow out, credit is already getting tighten and american consumers are already in huge debt. The access to further cheap debt will not come...therefore Visa will be affected too.
I hope I wont forget to bump this thread next year to see, who was right....
here is some article about IPO and recession:
http://www.reuters.com/article/compa...41121220080127