I think it's undeniable that it is a great company but...
- Do you think it is fairly valued (or overvalued)?
- Do you think its moat is great enough to be a solid pick for the long term investor?
I held it for a while last year, when it seemed to be moving sideways. Got rid of it recently, so yeah, judging by MY track record, it's probably a great time to pick it up!
Originally Posted by jargey3000
wasn't going anywhere ---- re-deployed my resources elsewhere
Originally Posted by Kropew
- I have owned Visa over 5 years. At the time I bought, it was overvalued with P/E above 25. I still bought it because V has always been overvalued this way since IPO.
- Its moat is as great as anything else. The people of 3rd world countries are starting to adapt/addtict to the use of this plastic money.
I think Visa/Master Card is in the position of Phillip Morris in the 60s or 70s. Visa is certainly a great stock to own. As for myself, I plan to keep this stock for as long as possible.