re: Visa getting roughed up today?

Posted by Lsut81

Member since Jun 2005

80154 posts

Posted on 8/1/13 at 9:30 am to Cousin

quote:
lucky b@stards

He's better off than I am... shite is all over the place.

Posted by ell_13

Member since Apr 2013

85040 posts

Posted on 8/1/13 at 9:42 am to Lsut81

I've got another LO at 175 too. Just 12 shares.

This post was edited on 8/1/13 at 9:43 am

Posted by Lsut81

Member since Jun 2005

80154 posts

Posted on 8/1/13 at 9:46 am to ell_13

quote:
I've got another LO at 175 too. Just 12 shares.

I've said it numerous times, I am no guru when it comes to this shite. But what the hell changed overnight to cause the drop again?

It was up over $3 in aftermarket and then tanked another $5 from there.

Posted by ell_13

Member since Apr 2013

85040 posts

Posted on 8/1/13 at 9:54 am to Lsut81

The easy answer is selling/shorting. Why? Could be any number of reasons. It's a stock that has a steady climb for years and some could be getting a huge profit. And maybe they'll get back in once the Fed ruling becomes clearer. Some could see the ruling as a catalyst for other markets to create the same rules. But Big is right: the overseas growth potential is real. Also, European consumers have cut back on credit spending much like the US did during the recession. That will turn soon. All Visa does is make money when you use one of their cards to spend money. They have very little costs associated with their "service". As long as they stay ahead of the curve: ncf, strong in new markets, etc., the sky is the limit.

ETA: Order filled.

This post was edited on 8/1/13 at 9:56 am

Posted by Lsut81

Member since Jun 2005

80154 posts

Posted on 8/1/13 at 9:57 am to ell_13

quote:
ETA: Order filled.

Yup, shite just dropped another $1...

Posted by ThaBigFella

baton rouge

Member since Apr 2006

2043 posts

Posted on 8/1/13 at 10:00 am to Lsut81

this is seriously comical at $173 thats where it was was before it beat earnings the last 2 quarters.

This post was edited on 8/1/13 at 10:01 am

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Posted by Jake88

Member since Apr 2005

68264 posts

Posted on 8/1/13 at 10:01 am to Lsut81

In for 25 shares at $175.51

Now I'll avoid looking at it for a week so I don't see it at 172, etc.

Posted by Lsut81

Member since Jun 2005

80154 posts

Posted on 8/1/13 at 10:20 am to Jake88

And now were climbing back up... About to be back at 177

Posted by ThaBigFella

baton rouge

Member since Apr 2006

2043 posts

Posted on 8/1/13 at 10:29 am to Lsut81

it hit $178 actually and then went right back down, LSUt jinxed the run haha

Posted by Lsut81

Member since Jun 2005

80154 posts

Posted on 8/1/13 at 10:31 am to ThaBigFella

quote:
LSUt jinxed the run haha

Hey, Im excited I can go buy a value meal with my earnings as of right now

Posted by wegotdatwood

Member since Aug 2009

17094 posts

Posted on 8/1/13 at 10:33 am to Lsut81

Maybe bigfella can chime in some more. I was looking and noticed they only employee 8,500 people. That seems pretty small for such a big business.

That has to be a good thing, right?

Posted by ThaBigFella

baton rouge

Member since Apr 2006

2043 posts

Posted on 8/1/13 at 10:36 am to wegotdatwood

their CAPEX is very low, they make so much profit per employee it is ridiculous. Like I said before they carry no credit risk like amex, if you default on your visa it's the banks problem, visa is just a toll road who makes more and more as prices go up, they make a fat percent of every swipe you make on your card, it's the ultimate business model in my book. The 100% yoy dividend growth the last 2 years is evidence of just how much this company is growing.

It was a deal at $190 yesterday, it's a steal at $177 now

have you seen how much gas prices have risen recently? Visa makes more bc of the higher gallon price correlating with their set fee, same with higher grocery bills,higher phone bills, etc. As long as prices keep rising and more and more people use less and less cash and visa charges the same flat fee, their profits are going to rise......i dont see any of my bills going down ever.

and i forgot to add its the biggest credit card company in the industry

The only threat to visa is our government!!!!

This post was edited on 8/1/13 at 10:43 am

Posted by Ace Midnight

Between sanity and madness

Member since Dec 2006

89542 posts

Posted on 8/1/13 at 10:44 am to ThaBigFella

quote:
It was a deal at $190 yesterday, it's a steal at $177 now

I'm buying 30 to 35 shares before the ex-dividend date. Under $190 - I'm happy.

Posted by Lsut81

Member since Jun 2005

80154 posts

Posted on 8/1/13 at 10:49 am to Ace Midnight

quote:
I'm buying 30 to 35 shares before the ex-dividend date

There's is in Sept if I remember correctly?

Whats it historically been?

Posted by Ace Midnight

Between sanity and madness

Member since Dec 2006

89542 posts

Posted on 8/1/13 at 10:51 am to Lsut81

quote:
There's is in Sept if I remember correctly?

Ex dividend is August 14 - pay date is September 4.

This post was edited on 8/1/13 at 10:51 am

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Posted by ThaBigFella

baton rouge

Member since Apr 2006

2043 posts

Posted on 8/1/13 at 10:51 am to Ace Midnight

ace i wouldn't buy for the dividend, there's is miniscule .33/share so you'll make $9 haha, if you can suck it up today, i think anything under $190 is a deal but anything under $180 is something to jump for joy

Posted by Lsut81

Member since Jun 2005

80154 posts

Posted on 8/1/13 at 10:54 am to ThaBigFella

quote:
there's is miniscule .33/share

Really? Thats it?

Posted by Ace Midnight

Between sanity and madness

Member since Dec 2006

89542 posts

Posted on 8/1/13 at 10:55 am to ThaBigFella

quote:
ace i wouldn't buy for the dividend, there's is miniscule .33/share so you'll make $9 haha, if you can suck it up today, i think anything under $190 is a deal but anything under $180 is something to jump for joy

I'm just setting that as a deadline. The money is flowing slowly to the brokerage account.

I'm going to put a buy-limit at 175 and if it doesn't happen, I'm going to get as good a price as I can get on August 13.