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  1. #1
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    So who's buying VISA stock tomorrow?

    VISA's IPO is set for tomorrow. It will be the largest in history at close to $17 billion. The largest IPO to date was for $11 billion in 2000 by AT&T Wireless.

    The prospectus stated that shares would likely be priced between $37 and $42 a share, hoever the price was set at $44 at the market close today. I'm sure the nice bump in the market today helped move that price.

    MasterCard went public in May of 06 at $39 and closed today just over $210. Visa has twice as many customers as Mastercard. Will their stock performance mirror each other?



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    Re: So who's buying VISA stock tomorrow?

    I will buy it for $20 6 months from now.


    They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety. - Benjamin Franklin 1775

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    Re: So who's buying VISA stock tomorrow?

    Quote Originally Posted by brianhos View Post
    I will buy it for $20 6 months from now.
    I don't see it happening, but I'd love to hear why you think it will be that cheap 6 months from now.



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    Re: So who's buying VISA stock tomorrow?

    Quote Originally Posted by jDub View Post
    I don't see it happening, but I'd love to hear why you think it will be that cheap 6 months from now.
    Entire market will be crap for the next 2 years. Then it will rebound. It will be a great time to be buying in the next year. Just not right now.


    They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety. - Benjamin Franklin 1775

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    Re: So who's buying VISA stock tomorrow?

    Quote Originally Posted by jDub View Post
    I don't see it happening, but I'd love to hear why you think it will be that cheap 6 months from now.
    Because along with weaning itself off foreign oil, Americans will cure their credit addiction...............






    ohhhh and did I mention everyone will have pretty pink ponies and flying pigs everywhere



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    Re: So who's buying VISA stock tomorrow?

    Quote Originally Posted by Iastfan112 View Post
    Because along with weaning itself off foreign oil, Americans will cure their credit addiction...............






    ohhhh and did I mention everyone will have pretty pink ponies and flying pigs everywhere
    That requires rep. You made me laugh.


    They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety. - Benjamin Franklin 1775

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    Re: So who's buying VISA stock tomorrow?

    Visa made the banks buy up a lot of th stock ahead of time as partners. First National Bank in Omha lost money on a one time $40M transaction to Visa. I predict credit shares tanking this summer. It does not take a genius to see that there is less overall money to go around in America and that it is worth less on the international scene. The stock market has oversold although it went up[ 400 today as tyou can see the govt bonds safe haven is paying little or nothing for bonds. Weird times..


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    Re: So who's buying VISA stock tomorrow?

    We'll see. Keep in mind that Visa doesn't bear any credit risk. When someone swipes their acrd, Visa takes their slice off the top and processes the transaction - to the bank that issues the card. The bank holds all the credit risk, Visa is just the clearinghouse.

    I'm unfamiliar with the theory that Visa forced banks to buy stock ahead of time. The partner banks have owned Visa for quite some time and as a result they are granted shares according to their ownership percentage. Many analysts have said that these banks were accelerating the timeline of the IPO as many of them are strapped for cash and they plan on selling their shares in order to get it.



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    Re: So who's buying VISA stock tomorrow?

    To stay in the game, they had to come up with cash. FNB was one of the founding banks. It was in the Omaha World Herald a week ago. I believe the banks will be selling their shares hot and heavy whhen they can for a few months.


    CFH HMagic bball season next year.
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    Re: So who's buying VISA stock tomorrow?

    Believe it or not, Mastercard is accepted by more businesses than Visa, when you consider international businesses. Visa's rates are higher, so despite what their commercials say it is not accepted everywhere.

    It is much more common in places in Europe to accept Mastercard and not Visa. One also must consider that credit cards are not very popular in Europe, and I would assume most of the rest of the world.



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    Re: So who's buying VISA stock tomorrow?

    Banks are raising their credit card fees to help cover their faus paus in subprimes and hedgefund ventures.


    CFH HMagic bball season next year.
    Let my Fred's Four Horsemen ride: Georges, Hogue, Nader, and McKay.

  12. #12
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    Re: So who's buying VISA stock tomorrow?

    Woohoo! I can afford 1 share!



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    Re: So who's buying VISA stock tomorrow?

    I am selling my GLD position tomorrow to buy Visa on the open and the US dollar (UUP). Goldman Sachs (i bought GS yesterday at $145 - closed at $174 today)and Morgan Stanley came out with solid earnings today that are going to settle down the "subprime" crisis. Gold is over $1000 / oz and the credit risk of the US is settling down - time to get back in the game. I bought MA (which has a market cap of $27 B) and made a nice return, I expect to do the same with V (market cap of $18 B as of tonite).



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    Re: So who's buying VISA stock tomorrow?

    Everyone is in panic mode.......looks like it's time to buy



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    Re: So who's buying VISA stock tomorrow?

    Quote Originally Posted by erikbj View Post
    I am selling my GLD position tomorrow to buy Visa on the open and the US dollar (UUP). Goldman Sachs (i bought GS yesterday at $145 - closed at $174 today)and Morgan Stanley came out with solid earnings today that are going to settle down the "subprime" crisis. Gold is over $1000 / oz and the credit risk of the US is settling down - time to get back in the game. I bought MA (which has a market cap of $27 B) and made a nice return, I expect to do the same with V (market cap of $18 B as of tonite).
    I wish i was good enough to make moves like that. i tend to lose money every time i do more than let it sit.



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