2024-04-02 12:22:57 ET
Summary
- Visa is a solid buy and hold stock, despite trading at the upper end of its 52 week range and a high forward P/E multiple.
- Visa has a strong dividend history, backed by rapid free cash flow growth and share buybacks.
- Visa is well-positioned for future growth in the global digital payment market, with a dominant market share in the US.
Warren Buffett once stated-
" Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years ."
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For further details see:
Visa: Strategic Acquisitions, Multiple Growth Drivers Make This A Buy