Visa: Conservative Guidance Creates Buying Opportunity

Core Insights - Visa shares have been trading sideways since the June quarter report despite strong results and elevated growth, indicating a narrowing growth gap with Mastercard [1] Company Performance - Visa reported very strong results in the June quarter, showcasing elevated growth [1] - The growth gap between Visa and Mastercard is continuing to narrow, suggesting competitive improvements for Visa [1] Investment Strategy - The investment strategy focuses on companies with perfect qualitative attributes, aiming to buy at attractive prices based on fundamentals and hold long-term [1] - The portfolio management approach is concentrated on avoiding losers while maximizing exposure to significant winners, which may lead to rating great companies as 'Hold' if growth opportunities are below a certain threshold or if downside risks are too high [1]