Open Question
Dear Mr. Cramer,
I am kind of new in stock world. What do you think about Visa Card stock? Should
I buy it when it comes out? What do you think will be price and when do you
think it will come out? or do have any other suggestions for other stock
Thanks for you response in advance.
Abs
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But Mr. Cramer, What do you think Visa will go off at ?
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Much like MA, VISA takes no credit risk (the banks and credit unions do that).
I never hear anyone mention the explosive use of debit cards (replacing checks)
as a part of the MA/VISA story.
PS I mangage a mid size credit union and see the growth first hand. Guess who
takes the credit risk and fraud risk.
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This is all about where it is priced. if you can ger some on the deal that's a
no-brainer. But even MA went down AFTER it came public...
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it will be crucial at that time to find out of they take on credit risk like AXP
or if they dont like MA. if they do i would not advise buying it out of the
gate. id advise it anyways but if you must, their credit risk will be crucial.
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