Is Mastercard a Millionaire Maker?
(NYSE: MA) had its initial public offering in May 2006. Since then, this has been a wildly successful investment: Shares of the payment processing titan have skyrocketed 9,590% (as of July 19). There's no doubt that the business has created many millionaires along the way.
But as we look ahead, investors are certainly thinking about the financial stock's prospects. Can Mastercard still make you a millionaire one day?
Mastercard benefits from a long-term secular trend, which is the widespread transition away from cash and paper-based methods of payment to cashless forms. As one of the world's leading card networks, Mastercard directly gains from this.
Source Fool.com
Mastercard Inc. A Aktie
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