VISA: royalty on consumption

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US Stocks

Visa (NYSE: V) continues to trend higher; should continue to generate outsized ROIC and compound over time; Trailing 12 Month ROIC was 17%, ROE at 27%; Perpetually expensive stock, but worth the price as consumer market continues to switch to online shopping & Visa’s asset light business model which allows for long term FCF growth, funding growing dividends & buy backs. Don’t think too hard about the valuation on this one … stock is too high quality to not tuck away and forget about. Buy and Hold!

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