V closed @ 71.4

When you get your monthly bank statements, do you notice that it seems bulkier than in the past? Yeah, it's due to the Visa "check card" transactions and it is making Visa rich, very rich. You see, every transaction that you make with those highly convenient checkcards, Visa gets a cut somewhere along the transaction chain. Checkcard usage is growing at a phenomenal pace. Many stores and restaurants now don't require your signature when the transaction is less than $20. This is one step much closer to a cashless society. That's where America is headed - a cashless society. We love convenience. I hardly carry cash anymore.

Visa's international growth is at an amazing pace of 35-40% over last year. It is now leaving Mastercard behind. Mastercard didn't have the "masterplan" and they ate dirt at the recent earnings announcement.

Speaking of international growth, Visa is apparently the top sponsor at the China Olympics this summer. They have essentially penetrated the Chinese market, and by all accounts it's gonna be absolutely huge.

So if you ask me who's gonna be the next GOOG, I'd have to say V! Ok, it probably won't be as big as crazy Google, but it could be the closest thing to it in the financial sector. I'm very surprise that Warren Buffet never got in on the Visa or Mastercard pre-ipo. What was he thinking?

V is a strong long term buy at all dips. Put in the symbol V to see where it's likely headed.


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