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re: Visa getting roughed up today?
Posted on 8/1/13 at 11:00 am to Ace Midnight
Posted on 8/1/13 at 11:00 am to Ace Midnight
quote:
Ace Midnight
quote:
ThaBigFella
Preciate it...I'm fairly new to this so I am learning through "on the job training".
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Posted on 8/1/13 at 11:06 am to Cousin
quote:
Preciate it...I'm fairly new to this so I am learning through "on the job training".
I'm fairly new, too, especially single stocks, but I'm a quick learner.
What V does is act as a toll road for consumption. Now, global consumption could go down in another recession (if we're even clear of the last one), and hurt a little, but there are only about 175 million online shoppers right now - that is expected to expand to 350 to 400 million over the next 10 years and could top 1 billion in 25. Many of those people are not born yet or do not have credit cards.
The sky is the limit for V. The company makes money and does not carry consumer debt. People are already talking about a post-currency world. How do you think business will be conducted? V has the lion's share of the credit card business, and handles transactions in every currency, every language and every country on Earth.
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