Visa Is Fairly Valued

The Good Brigade Visa (NYSE:V) really is a wonderful business. Credit cards are now utterly ubiquitous; they have effectively replaced cash as the fundamental means of exchange in the modern economy. Visa operates the largest credit card business, in what is really a duopoly with Mastercard (MA). This article argues that Visa is a great business, but not a great long-term investment because it is fairly valued, or even overvalued. If you hold this company for the long term, you will receive a nice divid ...