Visa Inc. (V)

He has owned it for a long time. It has been a great holding. This is a juggernaut, they do over 1 trillion transactions per year, more than MasterCard and AMEX combined. They have taken ownership of Visa in Europe, where cash is still used more than in the U.S. This provides a big opportunity for expansion. Debit is now 60% of their business, and international is 60% of their business, these support rapid growth. Visa is not cheap but it is very stable and worth owning.

She owns this. Stock has done well. Bought out Visa Europe. It is about the move to electronic payment. Visa owns this huge network and will benefit from this.

Pullback today is OK. Use a 50-day moving average, buy and hold until it breaks that. Some issues around $121, then broke out and made new highs. OK to buy, beautiful looking chart. If you’re a short-term seller, reduce near $138 and sell at $134.

It has had a tremendous appreciation in its share price over time. If you look at it from a value perspective it is always too expensive. 22-29 times. It is at about 35 times now. He would be shy to enter it because of this but if you own it, you might trim it or move to APX-N (American Express). There is a big spread in valuation, bigger than normal.

Great story. It is like a toll booth. They don’t take credit or interest rate risk. Capital light. They don’t own it because they think it is expensive. The one risk that some people see is the fintech disruption. Growth is in the Emerging Markets.

It is near 25 year highs and trades at record levels. He sees more pressure coming from other forms of payment, to their margins. It was a great company to have in the past but he would not to continue to hold it.

A quarter-trillion market cap. Grew revenues at 13% YOY and earnings 24% YOY. It continues to grow, the grandaddy of payment companies. It trades in the high-$20's, so not cheap, but this company walks the walk. (Analysts' price target: $148.24)

One of the growth names in the financials. Paying a growth multiple higher. Broad global exposure. The only risk is the evolution in the payment business. Is it going to be disruptive? The price would hold him back to own a large position in the name.

This and MasterCard are both great businesses. What really drives their business is connectivity through cards. Recession is still a few years away so this one can be bought on dips.

A payments company. In the last 6-9 months they purchased the Euro portion of this company. We are seeing more and more payments of this kind occurring. Payment systems are being embraced globally. Visa and Master card are clearly winning.

Owns Mastercard instead. But the charts look similar. All you do is jump in. With a long base, if you believe in the company, you’re not sure when it’s going to pop, but when it does, off it goes. Blip earlier this year ties back to the markets. This trend is going higher. VISA has made a new high, compared to the market, which has not.

Mastercard (MA-N ) vs. VISA (V-N). Owns Mastercard instead of VISA. But the charts look similar. All you do is jump in. With a long base, if you believe in the company, you’re not sure when it’s going to pop, but when it does, off it goes. VISA has made a new high, compared to the market, which has not.

Visa (V-N) or Mastercard (MA-N)? Likes the electronic payment space. Cash and cheques are still the predominant form of payment in many countries, so there’s lots of runway, even in developed markets. Bought Visa a couple of years ago and is happy to keep holding it. Benefits of buying Visa Europe will come through this year in terms of integration. There are opportunities for both companies in terms of market share -- no reason to switch from one to the other.

Visa is an incredibly stable cash machine. They take on no credit risk. They are a transaction company. 1.9 Trillion transactions last year and they are still growing in the high teens in earnings. More and more we are carrying plastic. Visa in Europe is still growing a lot.

It's done extremely well and has enjoyed an upward channel. You want to buy below the middle of this up channel. They have a fantastic franchise, and he doesn't see them losing their market stranglehold.