You can probably enter here if you plan to hold it for the long term. It will continue to grow. Visa has grown double digits, but Mastercard's stock has performed better. The move away from physical money will only continue and accelerate.
He has held it before but has been disappointed by the results and production delays. The market is pricing in the loss of market share to AMD. They are ingrained in the PC and server side. The stock is undervalued but he would prefer AMD.