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Baron Funds Comments on Visa Inc

August 24, 2012 | About:
Holly LaFon

Holly LaFon

258 followers
From Barn Funds second quarter commentary:

Visa, Inc. (V) owns the largest global payment network and we are fans of its low capital intensity, massively scalable business model. The shares rose 5.0% during the quarter. The outperformance was driven by its strong fiscal second quarterly earnings report in April and increasing expectation of a favorable legal settlement with merchants (which did occur in July after the quarter ended).We remain long-term believers in Visa, as it is the dominant payments network in the world (over 55% of all credit/debit card transactions) with high barriers to entry and a long organic growth runway as plastic continues to gain transaction/volume share from cash and/or checks. (Robert Susman)

Rating: 3.8/5 (5 votes)

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