CNBC reported the other day that Visa is a growth stock. Up 33x from its IPO and chart makes it look near linear.
We know its a very competitive business. Other credit card companies. And now half a dozen digital payment competitors.
They seem to be leader in market share. Must be well managed. And price their services competitively.
MA & V are my modern monopolies theme stocks… but the last 18 to 24 months they haven’t done much, a drag on the portfolio. On the other $AXP (American Express) stock price is beating MA&V by a mile wide…
The above is a five year view… if you go to 10 year, you will see both MA & AXP were doing better.
The reason I avoided $AXP is because MA & V are simply network providers whereas $AXP carried the loans on their book.
