Visa: No Incentive To Own
Visa reported FQ2 earnings that repeated a trend of slower-than-expected growth.
The payments processor faces negative trends of brands, requiring higher incentives in contract negotiations along with delayed international expansion.
The stock remains too expensive with stock gains on the backs of multiple expansion and not earnings growth.
Quarter after quarter, Visa (NYSE:V) churns out single-digit growth metrics. The market though values the payments processor at high-growth multiples, questioning the reasons for chasing the stock.
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