Questions on the upcoming Visa IPO?
Karole asks:
1) Has there been a definative date as to when it will go public?
2) How much will Visa’s stock hurt MasterCard? I was lucky to get in on MasterCard when it first came out. I’ve been cashing out on shares a little at a time every time it hit a new high, but should I pull out completely and dive into Visa instead?
1) Has there been a definative date as to when it will go public?
2) How much will Visa’s stock hurt MasterCard? I was lucky to get in on MasterCard when it first came out. I’ve been cashing out on shares a little at a time every time it hit a new high, but should I pull out completely and dive into Visa instead?
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no, tentative is oct 10 2008
2) won’t hurt it much if at all
rethink your investing strategy, pick a good company with great prospects and stick with it. In the downturn you are better off with mastercard as its revenues are more stable