Morningstar Article On MasterCard (John Mugarian's Dynamic Growth)

Morningstar Article On MasterCard

I received a question about why I recommened MasterCard (MA- Buy Limit $45) since the company has yet to report any earnings.

hello John:

Just wondering even though MA has no earning track record, why you like MA here? is this more for trading purpose? thanks

Shawn

Actually, the company does have earnings, but was a private company prior to the IPO. In fact, as it states in the article below, MA has increased revenues "at an average annual rate of 15% over the past five years".-Morningstar Report

If you are a trader, you can buy the stock under $45, and trade out of it around $48. This would be for a quick scalp. Investors may want to be a little more patient.

Posted by John Mugarian on June 15, 2006 1:52 PM | Permalink

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