1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
gurufocus
gurufocus
Articles 

Check Akre on Credit Card Companies

July 27, 2011 | About:

Also in most portfolios this year we added a new position in MasterCard. We purchased the

shares after uncertainty was created for the debit card market including issuing banks, payment

networks, and acquirers by the enactment of the Durbin amended Dodd-Frank Bill. Since the

quarter’s end, the Federal Reserve has provided some clarity for the space, and the shares have

responded positively. We think the card network business (MasterCard, Visa, AmEx and

Discover) is a superb business, with significant pricing power. We are expecting to be owners for

years to come. Stay tuned.

About the author:

gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

Rating: 3.7/5 (3 votes)

Comments

Please leave your comment:


GuruFocus Mobile App


User Generated Screeners


Allen DaleDiv.
rael22220/0/0/0
pbarker46Guess-like
rael2222Storici p
rael2222tutti i i migliori P
rael2222TRIPLA AAA M
woodman1024F Score
filip2001081216
marco.forzaniCheap in Uptrend 1
EricvdmDivident
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK