Ronald Stack
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Comments (3)
My credentials as a commentator: wrote a long analysis discouraging investment in Mastercard while the stock stood at 147. It closed yesterday at 195.79, with a P/E of 32.5.
I do not invest in IPOs on the grounds that the smart money is going to take all the easy pickings and I don't want to make a contribution.
Because MA has done so well since it went public, the expectation of similar results could wind up being built into Visa's price from the beginning, so there would be little chance of a big run up.
Tom
Posted by Thomas Armistead | December 5, 2007 9:11 AM
Rsack/Goodwill Hunter,
Go for it. Be prepared for a dip within the first 6 months or so when insiders could sell. I bought other financial services companies like MA, CME and PRU at their IPO.They are all well. VISA got real assets and is not one of those internet IPOs with only lot of hot air.
Posted by gullapalli | December 5, 2007 9:24 AM
Thank you for your comment's.They are presented well.First gullapalli,credit cards have the best rackett going ,They get you coming and going.usery at it's legal best.Every body's braceing for a storm.when cash is tight credit card use goes up.I also bought ma cme and mbx.mbx is the current ipo play.now Tom It's good to be a prudent bear.but dont go into hybernation. I didn't get the part about why you did'nt invest in ipo's? Imho ron E PLURIBUS UNUM
Posted by rstack | December 5, 2007 3:03 PM