Will the Visa IPO be a good deal?
Johnny asks:
I know the issue is hot and being compared to MasterCard. MasterCard is up well over 4 times its’ initial price. However,I also heard that at its’ current price MC has a P/E of 26-30. If Visa is priced at $39 per share, it would already have a P/E of 30. So how much could it really go up?
I know the issue is hot and being compared to MasterCard. MasterCard is up well over 4 times its’ initial price. However,I also heard that at its’ current price MC has a P/E of 26-30. If Visa is priced at $39 per share, it would already have a P/E of 30. So how much could it really go up?
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you are on the right track. a p/e of 30 for a company that depends completely on consumer spending (no matter how popular the brand) is pretty high imho. stick to the fundamentals, great brand recognition but where are they headed…