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re: Visa getting roughed up today?

Posted on 12/19/13 at 12:53 pm to
Posted by saintforlife1
Member since Jul 2012
1321 posts
Posted on 12/19/13 at 12:53 pm to
quote:

Is there a Money Talk award for most helpful thread, because this one has to be a contender.

BigFella should receive the award. He was a Visa fan. I went with his other favorite, PM, but that stock went nowhere. I wished I had got on the Visa train too.

Where is BigFella by the way? I haven't seen him post in a while. Dude had some good investing tips for people who wanted to be conservative long-term dividend stock investors.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89780 posts
Posted on 12/19/13 at 12:55 pm to
quote:

I went with his other favorite, PM, but that stock went nowhere. I wished I had got on the Visa train too.


I'm in PM, too. I've got my average price down with a few strategic buy/sells, but it is a long, long play. They're going to be rebuilding next year. The dividend alone, makes it a decent long position, as the stock drops, the yield goes up and you get more shares. I'm buying it for the dividend income in 20 year, more than any hope of it skyrocketing (although it has a lot of upside in the international cigarette market).

Not nearly as good of a value as V was over the summer, though - not even in the same conversation.
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