Wednesday, September 15, 2010

A Bit of Visa

Not much happening… I did pick up some shares of Visa (Ticker: V) on Monday at $65.77. The sell off in Visa was ridiculous and I’ve always wanted to add to my position. I got into Visa in 2008 via the IPO at $44 so this was a very attractive price. Visa is a 20% grower and everyone thinks that the Fed will destroy this company with the pricing control of PIN transactions. This was an over reaction to all of the recent analysts down grades. I rarely ever jump into a stock at / near a 52 week low, but this was seriously a gift. I’m planning to hold onto Visa for awhile.

Ok, now back to the Genzyme (Ticker: GENZ) / Sanofi-Aventis (Ticker: SNY) waiting game…


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