Visa Inc. (NYSE:V) is one of the stocks Jim Cramer expressed thoughts on. When a caller expressed worry about the stock, Cramer commented:
“I just had a really nice update with Visa just the other day, and it was really quite amazing. They’re doing incredibly well. Look, if you want to get into the business of credit cards that don’t charge as much, I want you to go buy the stock of Capital One, which has been one of my big recommendations for this year. Club members know I think it’s terrific… It did hit a new high today, but that doesn’t mean anything because it sells at 12 times earnings, COF, Capital One.”
Visa Inc. (NYSE:V) is a payment technology company that processes digital transactions and provides credit, debit, and prepaid cards. During the October 27 episode, Cramer mentioned the company and commented:
“Fifth, there’s Visa, another long shot that’s in the same boat, although I give it 40:1 odds because look, it’s got a market cap of already about almost $700 billion. Same story as MasterCard, though, 16% compound annual earnings growth over the past decade. 14% growth expected this year. No matter how much Wall Street worries about the new payments platforms, they never seem to make a dent in the big credit card networks.
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Disclosure: None. This article is originally published at Insider Monkey.
