Life Takes Visa – Should You?
Visa might well be the hottest IPO of the year. Should you buy shares of the credit-card colossus once it begins trading Wednesday?
The fact that they’re not canceling the IPO all together in this current environment seems positive to me, says Guy Adami. However I wouldn't go rushing in.
I’d also be patient, adds Joe Terranova.
If you’re bearish on credit card receivables short Capital One , suggests Karen Finerman.
More transactions are being done with plastic instead of cash, Adami adds. I think Mastercard wins because they don’t take credit risk.
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Trader disclosure: On Mar.14,, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Finerman Owns (GS); Finerman's Firm Owns (AAPL), (FNM), (MSFT), (NMX), (NYX), (SKS), (TSO), (VLO), (WMT), (YHOO); Finerman's Firm Is Short (IYR), (SPY), (IWM), (IJR), (MDY), (COF); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Pete Najarian Owns (AAPL), (AMR), (C), (MS), (MSFT), (NOK), (YHOO); Pete Najarian Owns (COP) Calls, (DNA) Calls; Pete Najarian Owns (FNM) Puts, (LEH) Puts, (USB) Puts; Finerman's Firm Is Long (CCU) Call Spreads