Recently, I compared Visa (V) to Mastercard (MA) (one of the five great businesses that I'll never sell), and I had concluded that Mastercard was likely more favorably positioned to execute going forward, given its exposure to emerging markets and some favorable positioning it had in new lines of business, including business to business payment.
After reviewing Visa's recent results and commentary and reassessing likely future growth in emerging businesses, I've come to the conclusion that Visa may will be more favorably positioned to extract long-term value form new revenue sources what I had