Visa IPO - Page 2

Patrick · 03-24-2008, 02:29 PM

Quote:

Originally Posted by SoonToRetire

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.

Ronnieboy · 03-24-2008, 07:22 PM

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... ;-)

WarrantiesFurLess · 03-25-2008, 10:36 AM

Interesting,

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

wildcat · 03-25-2008, 07:24 PM

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.

HFWR · 03-25-2008, 10:24 PM

Prime candidate for a 100 year mortgage...

03-25-2008, 10:36 AM	#23
WarrantiesFurLess Confused about dryer sheets Join Date: Mar 2008 Posts: 9	Extended View Interesting, 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

03-25-2008, 07:24 PM	#24
wildcat Thinks s/he gets paid by the post Join Date: Feb 2005 Posts: 1,883	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"

03-25-2008, 10:24 PM	#25
HFWR Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: May 2005 Location: DFW Posts: 5,241	Prime candidate for a 100 year mortgage... __________________ Have Funds, Will Retire I will now proceed to entangle the entire area...

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03-24-2008, 07:22 PM	#22
Ronnieboy Recycles dryer sheets Join Date: Feb 2008 Posts: 52	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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