Is Mastercard's Stock Pullback a Green Light for Growth Investors?
Mastercard (NYSE: MA) is an industry-leading payment processor that is growing strongly as cash is replaced by cards. The shares have been rising steadily, more than doubling during the past five years. There's just one problem: Mastercard hasn't been a cheap stock to buy. But, after the 4% decline during the past month, has that changed?While classified as a financial company, Mastercard basically provides the technology behind the transaction when you use one of its credit or debit cards. It collects a small fee every time someone buys something. Although one single transaction isn't a big deal, when you add up all of the transactions the company processes, connecting buyers and sellers, you get very big numbers.Image source: Getty Images.Continue reading
Mastercard (NYSE: MA) is an industry-leading payment processor that is growing strongly as cash is replaced by cards. The shares have been rising steadily, more than doubling during the past five years. There's just one problem: Mastercard hasn't been a cheap stock to buy. But, after the 4% decline during the past month, has that changed?
While classified as a financial company, Mastercard basically provides the technology behind the transaction when you use one of its credit or debit cards. It collects a small fee every time someone buys something. Although one single transaction isn't a big deal, when you add up all of the transactions the company processes, connecting buyers and sellers, you get very big numbers.
Image source: Getty Images.
