Stock Split Could Doom MasterCard
The upcoming stock split could interrupt the relentless gains by MasterCard (MA). While performing a split technically has no financial impact on investors, the mechanics of the split greatly impacts the psyche of investors.
As most everybody knows, MasterCard operates a payments processing network, connecting consumers, financial institutions, merchants, and businesses in more than 210 countries around the globe. The company competes against Visa (V) in a near duopoly for the processing of credit card payments.
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