$Visa(V)$ AH we finally get the ER........outside of Regulatory threats and Forex impacts, VISA will report a solid a quarter. The BIG QUESTION: is how will guidance posture the 2 issues and how will investors weigh the results against the guidance?
Personally, I believe VISA has been unfairly judged by analysts because of D.Durbins intentions to curb fees for CC companies.....look at last ER and the price acceleration going into the ER, hit around $219, immediately Durbin announces his bill and VISA dropped to low levels around $175. We should get back to $215 at least over the next week or so based on ER.
The Durbin bill needs to be trashed, and if congress and senate changes hands, we will have less over reach................hopefully.
Comments