mastercard

Best Stocks for 2008: Ken Kam gives credit to Mastercard (MA) - BloggingStocksCelebrate Earth Day EVERY day with Green Daily!AOL Money & Finance NewsMoneySmall BusinessSportsTechnologyWeatherBloggingStocksWebImagesVideoNewsLocalCompanies A-BCompanies C-DCompanies E-KCompanies L-RCompanies S-ZStock PicksOpinionFinancialCountriesSend FeedbackBest Stocks for 2008: Ken Kam gives credit to Mastercard (MA)Posted Dec 31st 2007 2:15PM by Steven HalpernFiled under: Newsletters, MasterCard Inc'A' (MA), Stocks to Buy, Best Stocks for 2008For 25 years, Steven Halpern, editor of TheStockAdvisors.com, has surveyed the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is one of 100+ ideas in the Best Stocks for 2008 report. "My favorite conservative stock for 2008 is Mastercard (NYSE: MA)," says Ken Kam, who first added the stock to the 'Best Ideas' portfolio of his Marketscope newsletter in June. "With the financial sector getting killed as the credit crisis expands, investors are scrambling for quality and safety in financials -- the largest sector of the S&P 500. Mastercard fits the bill because of the reasons we liked it in the first place -- no credit. "Until recently, most investors thought of Mastercard as a credit card company. Its comparables were American Express, Capital One, and Discover -- all credit card companies that HOLD credit card risk on their balance sheets. Mastercard does not. "Mastercard processes the transactions and charges an interchange fee. The credit crunch spiraling its way through the market is affecting consumers. Access to credit has dried up so it is difficult, if not impossible, to get new mortgages or home equity loans. "Credit cards have become the consumers last resort for credit. We see credit card transactions and purchases increasing significantly and Mastercard will benefit. "Visa is the only true comparable for MA and it will be going public soon. That will provide investors with a better basis for comparison for a credit card PROCESSING company. "But another reason we invested in Mastercard was because of its position in the debit card market, particularly in Europe. That opportunity continues to play itself out as Europe moves to single euro payments area (SEPA) this January."Tags: banking stocks, best stocks 2008, BestStocks2008, credit card stocks, credit stocks, featured, financial stocks, ken kam, KenKam, ma, marketocracy, marketscope, mastercard, top stocks 2008PermalinkEmail thisComments [4] Related PostsUS Global Investors (GROW): Fund manager set to grow (80 days ago - 0 Comments)'Back up the truck' for financials? (2 days ago - 1 Comments)BlackRock: loving bad times (10 days ago - 0 Comments)Analyst: Drop Visa (V) for MasterCard (MA) (17 days ago - 3 Comments)Income expert banks on Canada (19 days ago - 0 Comments) Reader Comments (Page 1 of 1)112-18-2007 @ 3:18PM Jack Newman said...I think the analysis of the credit card companies is somewhat flawed. Mastercard (MA), American Express (AXP), and Discover all have their own network and earn transaction fees from processing credit purchases. Capital One does not have its own network and must earn its income solely by charging interest on credit card purchases. However, Discover card lacks the large installed base of credit card users. So, it should therfore trade at a multiple that is greater than Capital One but not as much as MasterCard. Therefore, I believe that Discover Card trading at a p/e of 9 is a more compelling value than Mastercard which is trading at multiple of 30. 212-30-2007 @ 10:50AM TheManEl said...I think you are late to the party with Mastercard in 2008. This stock has at least doubled in 2007 and the P/E is out of line at this point. 312-31-2007 @ 3:21PM mitchell said...Does anyone see the amount of people defaulting on their credit cards YET. You will. Enjoy your ride. I'll eat AAPL. 41-02-2008 @ 10:54AM David said...I agree with TheManEl. You're late to the party. I've already done well with MA and have taken my money off of the table. It may have a bit more legs in it but there are much better stocks and returns available now. 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