Visa Inc. (V)

Lots of free cash generated. Toll booth. Lots of room to grow internationally and on the small business side. Makes acquisitions that help their network. Continued increase in travel will show up in their numbers.

Benefits from continuing spending post-pandemic. Has long owned this. Continues to be the market leader. But if there's a meaningful recession, this will get hit like all else, but that would be the time to add more shares.

Blue chip stock with excellent assets. Payments increasing with digital usage (card use). Excellent CEO with good strategy. Consumer spending continues to be steady. Every single transaction earns company a fee (very consistent earnings). Good long term hold for investors. 

Leader. We're not going from digital back to cash. Strong brand recognition, strategic partnerships. Share buybacks. Outpacing S&P 500 since late 2021. Still seeing 13-14% earnings growth rate ahead.

This and Mastercard have been consistent double-digit growers for many years. Visa aims to grow revenues 9-10%, which remains good, but down slightly. Growth rates are starting to slow. The law of large numbers is kicking in. But consumer travel maintains growth.

Great business, a toll booth. See his Top Picks.

Great tollbooth. Travelling is a big part of revenue growth, and this will be relatively strong. B2B business is increasing. Great growth internationally. Loyalty programs encourage use of credit cards. Generates a lot of free cash. On track to keep doing well. Yield is 0.7%. 

EPS of $2.41 beat estimates of $2.34 and sales of $8.6B beat estimates of $8.55B. Net income grew by 17% over the prior year, and its sales grew by 9%. Cross-border volume saw a large increase, of 16%, and management noted that it is off to a solid start with net revenues growing 9% and earnings growing even faster. It conducted share repurchases and dividends of $4.4B in the quarter, and the CEO sees strong opportunity across consumer payments and value added services. Operating expenses declined, leading to profit margin expansion, and its outlook for FY2024 is low double-digit revenue and operating expense growth, and a low-teens earnings growth rate. Overall, these were solid results, and while the stock dropped slightly today, it has been recovering.
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Long term 0 a very good investment. Digital payments excepted to growth further. Very good business with high margins. Lots of room for top line revenue growth (expecting double digits). "Tap Pay" growth accelerated curing Covid-19. Will continue to hold shares. 

Macro perspective - company has competition from other providers. Retail numbers strong in US which is good for company. Recent strength a good sign for momentum investors. Outlook for company looks good. Would recommend buying. 

#1 in the world. Digital trend will continue. Fantastic brand recognition and strategic partnerships. 14-15% EPS growth rate for next several years.

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Toll booth, no credit risk. Catchup travel benefits remain as a consequence of Covid shutdowns. Still lots of growth to move from cash transactions to plastic. B2B growth. Associated loyalty programs push its use. Innovative. Network is hard to replicate. Yield is 0.8%.

Doesn't own, but doing work on it. First among equals. Always looks expensive. Looking just at valuation, a dynamic, secular compounder with wide competitive moat. Warrants a premium valuation. Keep holding, don't trim, unless it's become an outsized portion of your portfolio.

Trading at 25x earnings, not excessive given the fundamentals. Lots of room for growth to move from cash to plastic. 60% of business is international, where growth is about twice that of NA. He'd buy today.