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
Grass Hopper
Grass Hopper
Articles (550)  | Author's Website |

Sequoia Fund's Discussion of MasterCard

March 07, 2014 | About:

MasterCard’s 2013 earnings per share increased nearly 20%, driven by the continued trend toward electronic payments globally. As we believe this trend should continue for years to come, MasterCard’s long-term prospects strike us as excellent. The company’s business model is essentially a royalty on global consumption growth, supplemented by the transition away from cash as a payment medium. MasterCard is set up to produce natural expense leverage over time and requires little capital. Processing costs are highly fixed, making for high incremental margins and high returns on capital.

Source: Sequoia Fund's 2013 Annual Report - Management's Discussion of Fund Performance

About the author:


Rating: 1.0/5 (1 vote)

Comments

Please leave your comment:


GuruFocus has detected 3 Warning Signs with Mastercard Inc $MA.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

User Generated Screeners


pbarker46Low payout & hist. PB
mmitch14Fundamentals
adsantani1Predictability
foxjames1GROWTH
Hendrixlp70safe
Hendrixlp70Peter Lynch
donkyfaceNew 2017
TFC$1P/FCF EV/EBIT
Bear03Low B/S w Fscore>=5, CurR 1.2
Bear03Fundamental w/Value
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