Monday, February 8, 2010

Why VISA is the SAFEST stock to own. Our Wall Street News.

Visa does not loan money, it just collects fees.
It does not carry debt, in fact, it is cash heavy.
The company has purchased back 400million dollars worth of its own shares in the last quarter.
Another 600 million has been approved for share buybacks. Total $1billion.
Wall Street just crashed from 10,700 to 9980 on the DOW yet VISA has stayed unchanged.
Recently reported a 33 % increase on profit over expectations.

Here's a company that will gain increasing revenue forever as the whole world makes more transactions with plastic. I use a VISA card many times a month.
This is the kind of stock you want to own, things that you actually consume every day.
That way, every time you swipe the card you're actually contributing to your own company.
If you're a shareholder, then you own part of that company.

Roll on the Winter Olympics!!!

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