Mr. Brown liked Visa then, but now?

Back in late April, my old pal Mr. Brown was severely bullish on Visa, though I was cautious. I warned about the eventual selloff that comes with any IPO (Google went from 120 to 80 in its first year) and preferred to wait. Well, Mr. Brown's bullish stance was proven right. V ran from 75 in April to 90 by early May.

Yowza. However, Visa has sold off some since. V has dipped three times, really, going to 75 in late May, running back to 88 before June, dipping to 77 and rising to 85 in June. Visa is currently at 72.

I'm more comfortable with the idea of buying MasterCard, but I can't argue against Visa. I'm not a fan of the whole concept of credit cards (and how they have most American consumers by the neck), but I am a fan of the way they churn gargantuan profits.



With Freddie Mac and Fannie Mae scaring the crap out of anyone with ties to financials, this may not be the best time to load up on shares of V. But at 72, this could also be a relative bargain.