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Visa Is an Expensive Stock -- Is It a Buy if Recession Strikes?

TheMotleyFool

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Visa Is an Expensive Stock -- Is It a Buy if Recession Strikes?: https://g.foolcdn.com/editorial/images/706436/young-woman-holding-credit-card-and-smartphone-and-thinking-with-chin-on-fist-online-mobile-shopping-e-commerce.jpg

Visa (NYSE: V) just put up more than respectable numbers to close out its 2022 fiscal year, and the market is reacting with little more than a shrug. Such is life in a bear market. It takes a lot of positive news to make a meaningful impact.

That being said, even after a big jump in earnings this past year paired with the stock's slump (Visa is down 17% over the last 12-month stretch as of this writing), this remains a premium-priced investment. The odds of an all-out recession are mounting for 2022, too. Is now the time to buy Visa?

Speaking of recessions, Visa CFO Vasant Prabhu made a very notable point in the last earnings call. Prabhu emphasized this:

Source Fool.com

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