Markets are showing sign of stability after LEH early release of their Q report.....
There was NO negative surprise in that report.
In my portfolio :
I bought PMCS my cost $8.85....
Portfolio is CSIQ,SOL,RIMM,GG & PMCS......
As I am feeling more comfortable with market...I will add stocks to my position.....
Markets will do its usual test/retest.....support/resistance....but will gradually build from here.
I feel it is a good time to add strong stocks in every sector.
PS...I have to go to attend a funeral for a very close family friend whose father died early morning.....so there will be NO wrap up BLOG after close.
BLOG does NOT give buy or sell.
Saleem
SALEEM
ReplyDeleteAre you back yet
The market seems to want to turn green
We could be forming a bottom here
I have been thinks about moving more cash over to put in a buy--but the market moves against you way to fast
So I will watch it for now
As one MB member said all in RED thats me
I have big positions VISA, DSX, GS, PWE and Monsanto they are red as is SOL .
I held them al to long At leas some of them pay me to wait this bear market out
Good luck to all and let hope that RIMM and my AAPL shares perform
Cheers
M
News on Visa
ReplyDeleteBusiness Summary August 07, 2008
CORPORATE OVERVIEW. Visa Inc. (V) operates the world's largest retail electronic payments network,
providing financial institutions with a broad range of platforms for consumer credit, debit, prepaid and
commercial payments. At year-end 2007, it had some 16,600 financial institution customers. In October
2007, V completed a reorganization via which Visa U.S.A., Visa International, Visa Canada and Inovant,
which operated the VisaNet transaction processing system and other related processing systems, became
subsidiaries of V.
V derives revenues primarily from card service fees, data processing fees, and international transaction
fees. Service fees (44% of pro forma FY 07 (Sep.) gross operating revenues) reflect payments by customers
for their participation in card programs carrying Visa brands. They also include acceptance fees, which
are used to support merchant acceptance and ongoing volume growth initiatives. Data processing fees
(28%) consist of fees charged to customers for providing transaction processing and other payment ser-
vices, including processing services provided under V's bilateral services agreement with Visa Europe. In-
ternational transaction fees (20%) are charged to customers on transactions where the issuer and the
merchant are located in different countries. Its other revenues (8%) consist primarily of optional service or
product enhancements, such as extended cardholder protection and concierge services, cardholder ser-
vices and fees for licensing and certification, as well as licensing and other service-related fees from Visa
Europe.
Payments volume, the basis for card service fees revenue, and transactions, which drive data processing
revenue, are key drivers of V's business. Payments volume increased 15.6%, to $2.4 trillion, in 2007, with
double-digit growth across all product categories. Payments growth outside the U.S. was 25%, again
driven primarily by increased volumes in the Asia-Pacific, Latin America and Caribbean regions. Transac-
tions processed increased 12.7% in 2007, to 40.9 billion. Growth in transactions processed in the U.S. ac-
counted for 58% of the growth in transactions processed. V's pro forma operating revenues from its five
largest customers represented approximately 23% and 24% of its total pro forma operating revenues in FY
07 and FY 06, respectively. In addition, its pro forma operating revenues from its largest customer, JPMor-
gan Chase, accounted for 9% and 10% of its operating revenues in those years. Its pro forma non-U.S. op-
erating revenues, based on the location of its financial institution customers, represented approximately
34% and 29% of its total pro forma operating revenues in FY 07 and FY 06, respectively. Corporate Information
Investor Contact
B.H. Pollitt (415-932-2213)
Office
P.O. Box 8999, San Francisco, CA 94128-8999.
Telephone
415-932-2100.
Website
http://www.visa.com
Officers
Chrmn & CEO
J.W. Saunders
Pres
J.C. Morris
COO
J.M. Partridge
CFO & Chief Acctg
Officer
B.H. Pollitt, Jr.
Secy & General
Counsel
J. Floum
Board Members
H. Al-Qadi
T. Campbell
G.Coughlan