re: Visa getting roughed up today?

quote:

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

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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.