MasterCard IPO – Priceless!
After todays unsurprisingly poor performance by Vonage, the next IPO is MasterCard.
Unlike Vonage, MasterCard is pretty profitable, and with a market cap of about $5 Billion [about twice that of Vonage] actually seems like a pretty good deal. Also unlike Vonage, they’re trying hard to make money [upto the point of gouging both card holders and retail shops]. Incidentally Vonage did claim that they weren’t to serious about making money, they only wanted to focus on building their client base.
One dark spot is the $1 Billion payout with WalMart over the next 10 years and the potential for lawsuits regarding high transaction costs, fees and interest rates.
But if you’re carrying high balances on your credit cards, this is probably a great way to hedge your bets!
If you found this post helpful, consider donating to my coffee fund!![[del.icio.us]](http://images.del.icio.us/static/img/delicious.small.gif){kind=small}
- Vonage Does An About Turn The Wall Street Journal today reported that Vonage has denied all rumors that its going to let its customers off the hook if they no longer want their lousy shares!This is quite a change from its now alleged stance a couple of days ago. This will just serve to alienate......
-
![[1 Ounce Perth Mint Lunar Series Silver Dragon]](http://photos1.blogger.com/blogger/4467/604/200/aust.2000.dragon.jpg "[1 Ounce Perth Mint Lunar Series Silver Dragon]")
1 Ounce Silver Dragon Bought a 1 ounce silver dragon coin on Ebay. Its a beautiful coin, minted by the Perth Mint in Australia. [As I mentioned in a previous post, I'm a big fan of the Perth Mint's Golden Lunar Series.] Don't know why I bought it. Maybe its because I like...... - Forex Robo-Trader Interestingly enough there's a company that will take your $10,000 and put it in their "robot forex trader" program. You don't need to know anything about forex trading, the software algorithm takes care of it for you!According to their data, its been back tested and it should get 81% profit......
Related Websites
- Buying Guide for Fiddlers Because fiddles are a less popular instrument than something like an electric guitar, it's hard to find a quality fiddle at a good price, and it's just as hard to find a good buying guide for fiddles to help you figure out which of these acoustic musical instruments is best.......
- Giving 'MagicJack' a Honest Try If you've been following the SF blog for a while, you'll know that I've been on something of a cost cutting binge in order to excise as many cash flow leeches from my wallet as I possibly can. This has been accomplished with some very easy frugal lifestyle substitutions......
- Personal Finance links (Boxing Edition) Last weekend, my wife and I did something, well, very different than our typical Saturday. My wife's friend schedule to boxing at a local gym's Fight Night and she asked for our support. I had never had the desire watch boxing live, but put a pair of attractive females in......
[All content is copyright of Living Off Dividends & Passive Income]
Leave a Reply