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V will go UP
$60.00 on 2/09/10 (79 days left)
$80.00 (44.25% from time of market call)
Although Visa is only down a couple percent since its IPO back in April of 2008, it's down about 40% since its high in June. This drop can be explained very easily Visa belongs to the financial sector (that's doing beyond terrible) and consumer spending and credit is down. Visa is a strong company fundamentally and makes its money off credit (an essential part of business) although I am bullish on Visa in the long run I prefer American Express as an investment. 1) Because it's a Dow Component 2) it has a much lower P/E ratio 3) Its taken a much harder beating then Visa 4) Much higher Dividend
With this being said I am bullish on Visa for a 1-2 year + range but would go with American Express instead!
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