i need to find out what happened on nov 12 that made the mastercard stock go down. im not sure where to find this info. and also, does anyone know what mastercard's rating?
2007-12-03 17:00:16 · 2 answers · asked by rebecka 2 in Business & Finance ➔ Investing
Potential competition by VISA. VISA is working on becoming a publicly traded stock.
Sept 12, 2007
The Visa IPO took another step towards success today after the SEC gave its restructuring plan the go ahead. Now the company will seek approval from member financial institutions which would pave the way for an IPO early next year. The restructuring involves Visa International, Visa USA and Visa Canada becoming subsidiaries of a single company. Visa Europe will remain a membership association and will become a licensee of, and own a minority interest in, Visa Inc.
2007-12-03 17:13:10 · answer #1 · answered by don_sv_az 7 · 0⤊ 0⤋
US economy's slowing down, besides, their stock's way overvalued already P/E 33 years?!?!?! That's way too high.. I'd rather invest in Amex that only has 17 years P/E.
2007-12-04 03:45:36 · answer #2 · answered by anonymous 3 · 0⤊ 0⤋