Quote:
Originally Posted by Vendot
Well its around $50 it was bobbing under $50....... you see it going for as low as say $40 ?????
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yes, but not now...I expect stock market rally and for Visa there is a strong possibility of good 4Q report as there are Christmas on the way. But for sure 1Q will be the sign of "Party is over". So maybe V could be a great short term buy, but so hundreds of other stocks...
Current Visa stock price has forward 2009 PE 20, so there still a lot of room to go down, when most consumers in the developed countries are tapped out, cutting their spending, while CC limits are going down. Debt is going to be repaid or defaulted, so there is not a lot of room for a CC growth of use.
The emerging countries wont offset decline of spending in the developed countries.
Sometimes next year could be V good buy again.