Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (15) | Ignore Thread Prev | Next
Author: Gahread Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 58  
Subject: Re: VISA IPO DATE? Date: 3/10/2008 7:54 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I think I see where I was making my mistake. I looked at the shares being directly sold to the public in the IPO (406 million). I didn't even notice the total number of shares including those retained by the banks (857 million). I ran my calcs by the book, made sure everything was all nice and tidy, and I was starting with the wrong numbers to begin with. Garbage in, garbage out.

Another 451 million shares drops the value from ~$90 smack down to the $40 price range of the IPO. In other words, the only major reason to buy Visa over Mastercard is if you think it has a strong competitive advantage.

TMFMrCHW, thank you VERY much. You almost certainly saved me from losing a lot of money and spending the next year trying to figure out what the heck just happened.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (15) | Ignore Thread Prev | Next


Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Value Hounds

My Big Fat Greek Splat
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.