Visa IPO

PsyopRanger · 03-01-2008, 08:34 PM

Justing wondering if anyone plans on looking seriously at Visa's IPO scheduled to be offered around March 17? Prices estimated at $37-42.

Could it perform similar to Mastercard's IPO in this market?

Visa owns 40% of the market share while MA owns only 20% plus the new bankruptcy laws could assist as well?

Thoughts?

Lance

al_bundy · 03-02-2008, 07:52 AM

consumer spending is bad

Salaryman · 03-02-2008, 06:33 PM

Mastercard opened 40.3 & closed recently at 190. Visa and MC are function as the middleman....card issuance and delinquency issues reside with the card issuing bank. Not a bad business they're in.
Currently Visa is owned by the various banks that make up the consortium of owners, many of them need the pick me up from a good IPO due to the credit crunch.

Salaryman

Ronnieboy · 03-14-2008, 12:44 PM

I would take Visa (V) in the IPO, not sure how to do it though the sharebuilder service I have been using.

al_bundy · 03-14-2008, 08:08 PM

VISA is moving the IPO to wednesday from thursday

wonder if it's a coincidence that on thursday the unemployment claims come out and they have data that may put a damper on things?

Patrick · 03-18-2008, 08:41 PM

Looks like initial pricing is going to be $44.

I'm buying 200 shares.

Zathras · 03-18-2008, 08:47 PM

I am just hoping I can get some before the price gets pushed up too much.

Art G · 03-20-2008, 07:40 AM

I'd bet you can count on Visa pulling back once the restrictions are taken off of it. I'd suggest waiting at least two weeks before buying in the open market. JMO.

Ronnieboy · 03-20-2008, 11:19 AM

Is that what happened to MC as well?

Patrick · 03-20-2008, 11:22 AM

It's up to $63 today.

Ronnieboy · 03-20-2008, 11:40 AM

I guess I answered my own question. It looks like MA opened about June 2nd at $47 and about two weeks later on June 16th it hit $45 and has gone on a tear since.

Is Visa going to offer dividends?

Ronnieboy · 03-20-2008, 11:41 AM

@Patrick-

Did you get your 200 shares?

Enuff2Eat · 03-20-2008, 11:58 AM

bought 100 share and start praying.

enuff

ziggy29 · 03-20-2008, 11:58 AM

Reminds me of the halcyon days of dot-com IPOs. Once I was able to buy 100 shares of TheStreet.com (TSCM) at the IPO price of 19. I was able to flip it for 61 on the same day. Quickest $4200 (minus taxes and commissions) I never earned...

SoonToRetire · 03-20-2008, 12:08 PM

I got in for 400 yesterday. First stock I've bought in many years, other than funds. I figure this is a cash cow, they make their money on transaction costs, and don't depend on payments. I will put it away and look at it in a few years. OTOH, this might extend my streak of losing stocks, which is why I swore them off a few years ago. Oh well, no guts no glory.

Patrick · 03-20-2008, 12:22 PM

Quote:

Originally Posted by Ronnieboy

@Patrick-

Did you get your 200 shares?

They wouldn't let me buy the IPO, so I bought on the open market at the open for $59.50, and yes, I did get 200 shares. Would've been a lot better if I could've got the $46 pricing, though.

Art G · 03-20-2008, 12:26 PM

Quote:

Originally Posted by ziggy29

Reminds me of the halcyon days of dot-com IPOs. Once I was able to buy 100 shares of TheStreet.com (TSCM) at the IPO price of 19. I was able to flip it for 61 on the same day. Quickest $4200 (minus taxes and commissions) I never earned...

Someone got reamed out for that trade of yours. I'd bet it was the last IPO you got from that firm.

Zathras · 03-20-2008, 12:29 PM

@Patrick
Hilarious that is almost exactly what happened to me, I also bought at $59.50.
I heard Visa stated a dividend already. I believe it was $0.45 or just under 1%.
Although I have not seen this from Visa yet, just 'reports' in media.
Given the propensity of Americans to charge more and more every year and continue to live beyond their means this seems like a solid business

ziggy29 · 03-20-2008, 12:32 PM

Quote:

Originally Posted by Art G

Someone got reamed out for that trade of yours. I'd bet it was the last IPO you got from that firm.

Yep. But I never planned to get another one, anyway, and this was in 1999 when even the junkiest dotcom IPOs were a sure instant double or triple.

SoonToRetire · 03-24-2008, 11:15 AM

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.

03-01-2008, 08:34 PM	#1
PsyopRanger Recycles dryer sheets Join Date: Jul 2006 Posts: 227	Visa IPO Justing wondering if anyone plans on looking seriously at Visa's IPO scheduled to be offered around March 17? Prices estimated at $37-42. Could it perform similar to Mastercard's IPO in this market? Visa owns 40% of the market share while MA owns only 20% plus the new bankruptcy laws could assist as well? Thoughts? Lance __________________ "Those who think it cannot be done, need to stay out of the way of those of us doing it."

03-18-2008, 08:41 PM	#6
Patrick Full time employment: Posting here. Join Date: Mar 2005 Posts: 875	Looks like initial pricing is going to be $44. I'm buying 200 shares. __________________ "Who among us is smart enough to learn from the mistakes of others?" - Voltaire

03-18-2008, 08:47 PM	#7
Zathras Full time employment: Posting here. Join Date: Jun 2006 Posts: 509	I am just hoping I can get some before the price gets pushed up too much. __________________ "We do not inherit the earth from our ancestors, we borrow it from our children. (Ancient Indian Proverb)"

03-20-2008, 11:22 AM	#10
Patrick Full time employment: Posting here. Join Date: Mar 2005 Posts: 875	It's up to $63 today. __________________ "Who among us is smart enough to learn from the mistakes of others?" - Voltaire

03-20-2008, 11:58 AM	#14
ziggy29 Thinks s/he gets paid by the post Join Date: Oct 2005 Location: Texas Hill Country Posts: 1,619	Reminds me of the halcyon days of dot-com IPOs. Once I was able to buy 100 shares of TheStreet.com (TSCM) at the IPO price of 19. I was able to flip it for 61 on the same day. Quickest $4200 (minus taxes and commissions) I never earned... __________________ FIRE Clock: 11:37 PM. When it's midnight, I can be FIREd!

03-02-2008, 07:52 AM	#2
al_bundy Full time employment: Posting here. Join Date: Jun 2005 Posts: 867	consumer spending is bad

03-02-2008, 06:33 PM	#3
Salaryman Recycles dryer sheets Join Date: Jul 2007 Posts: 81	Mastercard opened 40.3 & closed recently at 190. Visa and MC are function as the middleman....card issuance and delinquency issues reside with the card issuing bank. Not a bad business they're in. Currently Visa is owned by the various banks that make up the consortium of owners, many of them need the pick me up from a good IPO due to the credit crunch. Salaryman

03-14-2008, 12:44 PM	#4
Ronnieboy Recycles dryer sheets Join Date: Feb 2008 Posts: 50	I would take Visa (V) in the IPO, not sure how to do it though the sharebuilder service I have been using.

03-14-2008, 08:08 PM	#5
al_bundy Full time employment: Posting here. Join Date: Jun 2005 Posts: 867	VISA is moving the IPO to wednesday from thursday wonder if it's a coincidence that on thursday the unemployment claims come out and they have data that may put a damper on things?

03-20-2008, 07:40 AM	#8
Art G Full time employment: Posting here. Join Date: Nov 2007 Posts: 776	I'd bet you can count on Visa pulling back once the restrictions are taken off of it. I'd suggest waiting at least two weeks before buying in the open market. JMO.

03-20-2008, 11:19 AM	#9
Ronnieboy Recycles dryer sheets Join Date: Feb 2008 Posts: 50	Is that what happened to MC as well?

03-20-2008, 11:40 AM	#11
Ronnieboy Recycles dryer sheets Join Date: Feb 2008 Posts: 50	I guess I answered my own question. It looks like MA opened about June 2nd at $47 and about two weeks later on June 16th it hit $45 and has gone on a tear since. Is Visa going to offer dividends?

03-20-2008, 11:41 AM	#12
Ronnieboy Recycles dryer sheets Join Date: Feb 2008 Posts: 50	@Patrick- Did you get your 200 shares?

03-20-2008, 11:58 AM	#13
Enuff2Eat Recycles dryer sheets Join Date: Oct 2005 Posts: 298	bought 100 share and start praying. enuff

03-20-2008, 12:08 PM	#15
SoonToRetire Full time employment: Posting here. Join Date: Aug 2002 Location: Virginia, and Caribbean snowbirds in winter Posts: 853	I got in for 400 yesterday. First stock I've bought in many years, other than funds. I figure this is a cash cow, they make their money on transaction costs, and don't depend on payments. I will put it away and look at it in a few years. OTOH, this might extend my streak of losing stocks, which is why I swore them off a few years ago. Oh well, no guts no glory. __________________ When the wind changes, change tacks.

03-20-2008, 12:29 PM	#18
Zathras Full time employment: Posting here. Join Date: Jun 2006 Posts: 509	@Patrick Hilarious that is almost exactly what happened to me, I also bought at $59.50. I heard Visa stated a dividend already. I believe it was $0.45 or just under 1%. Although I have not seen this from Visa yet, just 'reports' in media. Given the propensity of Americans to charge more and more every year and continue to live beyond their means this seems like a solid business __________________ "We do not inherit the earth from our ancestors, we borrow it from our children. (Ancient Indian Proverb)"

03-24-2008, 11:15 AM	#20
SoonToRetire Full time employment: Posting here. Join Date: Aug 2002 Location: Virginia, and Caribbean snowbirds in winter Posts: 853	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. __________________ When the wind changes, change tacks.

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