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Old 03-24-2008, 02:29 PM   #21
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Originally Posted by SoonToRetire View Post
Full disclosure. I made a mistake in my original DD. Thought V had ~400M outstanding shares, making for an attractive p/e of around 20. On further look, the banks are holding an additional 3-400M shares so the real p/e is already well above master card's, and V appears fully priced in the 60s. It's still a good long term investment, but I don't think it's the 2-3 bagger I thought it might be. So I closed out my position at a nice 10% gain in 2 days and broke my losing streak.
I got stopped out at $66.35. Good thing, because it closed at $59.73.

Retired in 2006 at age 49.

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Old 03-24-2008, 07:22 PM   #22
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I think I am going to wait as Art G suggested for the two week mark and make my move then. Especially since the drop today... ;-)

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Old 03-25-2008, 10:36 AM   #23
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There are very few financial catagory winners these days, so like many, I knew it would drop back quickly, and it did, but I am waiting for next financial show to drop which will shake Visa down to original offer in time.

Good luck to all, Mike
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Old 03-25-2008, 07:24 PM   #24
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These banks have to start unloading here soon. Those guys stand to make some serious bucks. Perhaps they can sell 'V' and invest in some more subprimes - my niece doesn't have any current income, education or earnings potential in the next 16 or so years but maybe she could get a loan. She's 2.
"These walls are kind of funny. First you hate 'em, then you get used to 'em. Enough time passes, gets so you depend on them"
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Old 03-25-2008, 10:24 PM   #25
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Prime candidate for a 100 year mortgage...

Have Funds, Will Retire

...not doing anything of true substance...
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