Visa (V)

Add a New Bears Reason Company: Visa (V) Current price: Headline: (100 character max) Analysis: Cancel 36% agree 11 votes   One expensive lawsuit behind them, but another still to come Top Contributor: Bret Holmes | Created when NYSE:V was $65.50 | Edit | History Visa paid more than $2 billion late last year to resolve a suit with American Express Co. (AXP), but a similar case brought by Discover Financial Services LLC (DFS) is set to go to trial in New York on Sept. 9. (100 character max) Cancel 40% agree 20 votes   More Exposure to Credit Than Most Realize Top Contributor: James Cullen | Created when NYSE:V was $71.73 | Edit | History Visa is often touted as a great investment because it does not make/hold loans to its card users. This is deceptive, because Visa is reliant on the issuing banks' continuing willingness to underwrite large lines of consumer credit. If issuing banks (i.e. Citigroup, Bank of America, J.P. Morgan) decide to scale down their consumer credit lending, Visa WILL be impacted by lower card user purchasing power and fewer new card accounts. From http://collegeanalysts.com/2008/05/19/reason-to-be-cautious-on-visa-v-mastercard-ma/ (100 character max) Cancel 33% agree 15 votes   Disappearance of $17.5 billion of credit in November 2009 alone Top Contributor: Thomas Shyr | Created when NYSE:V was $87.00 | Edit | History Consumer credit decreased by a record $17.5 billion during the month of November 2009, 3.5 times higher than the projected $5 billion decrease. This, combined with unemployment that is near a 26 year high, greatly decreases the amount consumers are able to purchase, and thus charge to their credit cards. (100 character max) Cancel

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