If I Could Buy Only 1 Stock, This Would Be It
Visa (NYSE: V) is a market leader in electronic payments and fund-transfer services, used by thousands of merchants around the world. The credit- and debit-card behemoth has grown significantly since its initial public offering back in 2008 -- its almost 12-fold rise in share price is a testament to its dominance.
In the second quarter of its fiscal 2008 -- its first earnings report as a public company -- Visa handled payments volume of $681 billion. Fast forward to the most recent quarter, and payments volume has more than tripled to $2.14 trillion. Over the past year, the number of transactions has risen 7% to hit more than 50 billion.
We Fools preach diversification to protect your portfolio. But if I were only able to buy one stock, Visa would have to be it. Even after a dozen years on the public markets, it still has many catalysts that can drive it to greater heights.
Source Fool.com
