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MasterCard is Recession Proof
MasterCard recently hit another new all-time high. The stock has been on fire since its IPO. Its 52 week low is $90. It is trading at $217 and hit as high as $227 a share.
On the Yahoo Message Board the posters are gushing about what a great stock it is. But this comment, from gpeasejem, caught my eye:
I can’t believe we hit 227 today and closed at another all time high. As KBW said in their upgrade today. MA is recession proof because of it’s 50 percent exposure to Europe.
Can a company really be “recession proof”? MasterCard processes credit card transactions. If you have a slowdown in America, that doesn’t mean you will have a slowdown in other countries. Or does it?
Or is MasterCard the perfect business- meaning that their profits can never slow as long as everyone in the world is using plastic?
Something to ponder. In a world with no cash, who is getting rich?
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Mom and Pop Investors LLC is an independent publisher. Mom and Pop Investors LLC is not a registered investment advisor. Please consult your investment professional before making any investment decision. Sources of information are deemed reliable but they are in no way guaranteed to be complete or without error. The Editor may have positions in and may from time to time buy or sell any security mentioned herein. Past results are no guarantee of future performance.