Posted AT 6:26 AM EDT on 09/07/08
Investors losing interest in Visa
The honeymoon appears to be over for newly listed Visa Inc. The stock more than doubled in less than two months after its $29-billion (U.S.) initial public offering in March - only to be cut down 9 per cent in the past two months.
Worse yet, the marriage between credit card stocks and investors is being rocked by rising consumer debt and the worsening economy.
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