Wang’s Happy Trading

6 Comments

1. optiondragon
   Posted March 22, 2008 at 7:32 pm | Permalink

   optiondragon
   Posted March 21, 2008 at 9:51 pm | Permalink (Edit)
   http://seekingalpha.com/article/69492-banks-should-see-5-4-billion-fro m-visa-ipo?source=yahoo

   NCC, FHN, FITB, SNV

   optiondragon
   Posted March 21, 2008 at 9:54 pm | Permalink (Edit)
   JPM

   http://biz.yahoo.com/ap/080320/citi_research_note.html?.v=1

   optiondragon
   Posted March 21, 2008 at 9:56 pm | Permalink (Edit)
   V must be hawked. Luck nice buy on Wed.

   optiondragon
   Posted March 21, 2008 at 10:02 pm | Permalink (Edit)
   http://seekingalpha.com/article/69355-visa-s-ipo-fueled-by-internation al-growth-and-u-s-shift-to-electronic-payments?source=side_bar_editors _picks

   V

   A quick comparison between V and MA:

   MA - $24.9 billion market cap, currently trading 25 X’s FY ‘08 earnings with an anticipated 15% revenue growth rate.

   V - On a $39.50 pricing, would have a 33.5 billion market cap and trade 25 X’s FY ‘08 earnings with an anticipated 15% revenue growth rate.

   The pricing range here is not an accident. Visa is being priced to match Mastercard’s valuation. The key difference and driver here is Visa is larger than Mastercard and has a stranglehold on the important US debit card market. Visa is also being very aggressive in both Asia and Latin America. While the US economic slowdown in ‘08 could slow V a bit in the short term, they’re positioning themselves for strong worldwide growth into the foreseeable future. A market leading brand fueled by both international growth and the shift in the US to electronic payments make 25 X’s FY ‘08 earnings here on pricing very attractive. Visa should trade at a bit of a premium to MA in my opinion and in range it is being priced to match MA’s valuation. Note too that my FY ‘08 V estimates are a bit conservative here due to the current cloudy US economic environment.

   Blue chip ipo, strong recommend in range.

   optiondragon
   Posted March 22, 2008 at 7:35 pm | Permalink (Edit)
   http://www.bloomberg.com/apps/news?pid=20601087&sid=aGnGoiVO0304&refer =home

   Commodities Drop, Rally in Dollar, Stocks Vindicate Bernanke

   optiondragon
   Posted March 22, 2008 at 8:20 pm | Permalink (Edit)
   http://www.marketwatch.com/news/story/central-banks-mull-buying-mortga ges/story.aspx?guid=%7B19410245%2D4C72%2D499F%2DB3AA%2D145238C529CC%7D

   Central banks mull buying mortgages: report

   optiondragon
   Posted March 22, 2008 at 8:24 pm | Permalink (Edit)
   http://www.marketwatch.com/news/story/stocks-look-strengthen-gains-aft er/story.aspx?guid=%7B7AE39E6D%2D81DF%2D44A5%2D84E5%2DD19FB1B4032B%7D

   Stocks look to strengthen gains after Bear Stearns drama
   Bear Stearns bailout, dollar strength mark a key turn for markets

2. optiondragon
   Posted March 22, 2008 at 7:34 pm | Permalink

   S&P sees more pain for brokers; Goldman, Lehman outlooks negative

   http://www.marketwatch.com/news/story/sp-sees-more-pain-brokers/story. aspx?guid=%7B67BA47FC%2D71CA%2D4865%2DA57D%2D8FA755E9BEAD%7D&dist=TNMo stRead

3. optiondragon
   Posted March 22, 2008 at 7:35 pm | Permalink

   Bank of America may write down $6.5 billion: analyst

   http://www.marketwatch.com/news/story/analyst-bove-tips-65-billion/sto ry.aspx?guid=%7B6042CBBB%2D0500%2D4853%2DA4D4%2DABBD3FF8329E%7D&dist=T NMostRead

4. optiondragon
   Posted March 22, 2008 at 7:36 pm | Permalink

   8 High-Yielding Stocks for Income Investors

   http://seekingalpha.com/article/69309-8-high-yielding-stocks-for-incom e-investors

5. optiondragon
   Posted March 22, 2008 at 8:34 pm | Permalink

   Best and Worst Dow, S&P 500 Performers YTD

   http://seekingalpha.com/article/69529-best-and-worst-dow-s-p-500-perfo rmers-ytd

6. optiondragon
   Posted March 23, 2008 at 9:06 am | Permalink

   Each week, Barron’s publishes bullish and bearish stories on a variety of stocks. We present summaries of the stories in this portfolio. This week there are bullish stories on Best Buy (BBY - commentary - Cramer’s Take), NVIDIA (NVDA - commentary - Cramer’s Take) and Morgan Stanley (MS - commentary - Cramer’s Take), and a bearish piece on Visa (V - commentary - Cramer’s Take).

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