Investors often return to the buffet-style takeover Berthshire Highway(Nyse: bric.a)(Nyse: Bric.b) To buy with the market jeans and short stocks.
While Berkshire’s portfolio has seen its fair share of changes over the years, one aspect that has remained constant is its focus on the financial sector through Berkshire’s public equity portfolio and insurance businesses.
American Express(NYSE: AXP),, Visa(Nyse: v)And MasterCard(Nyyse: lo) They are owned by Bershire Highway and all are 3% or less. All three of them are divided here Growth stocks It may have an additional unit that will run in 2025 and beyond.
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The dates of Bersucci’s American Express placement were taken to 1991, which is one of them with long spaces coca cola. In the year In 2024, it scored 58.4% in American Express, making it the third best performer in the Dow Jones Industrial Average – Behind Nvidia And Wallman.
A stunning restoration of the American Express Apple And Bank of AmericaThe poles are lined with American to hold the second largest public equity of Apple behind Apple.
American Express for Visa is 0.9%, compared to 0.9% for the youth, and 13.9% of them are less than 0.9%. But again, that’s because American Express’s position is so large that it was seriously underpriced 30 years ago — not because Berkshire has increased American Express in recent years.
American Price prepares a closed-loop toll camera compared to open-loop toll networks.
American Priv will have its own card issues, which will give you more control over the fees and interest income. In comparison, Visa and MasterCard work with banks to issue cards. Both companies benefit from network effects and a growing international reach. The idea is to get as many consumers as possible for as many purchases as possible and to get as many purchases as possible, so that Visa and Master can be used for the banks to use as many purchases and credit cards as possible.
Overall, the main difference is that the users with the initial value mainly rely on the interest income benefits on the outstanding card balance, Visa and Mastercard on transaction fees.
Both business models have their advantages and disadvantages. But American Express’s own cards generate higher revenue than Visa and MasterCard, a lower margin business model. As you can see in the following table, American Express runs approximately the same amount of revenue as Visa and Mastercard without the combination, but it has lower profit margins.
Of the US$ 482 billion and US$ 619 billion used for visas, US$ 220 billion of income capital is $ 220 billion of income capital. Over the past five years, American Express has produced a total return of 154%, compared to 95%. S&P 50067% for hosting 67% for visa 62%. But grow up in the last decade, and American Express is the worst of the three companies – it is 542% of the 334% for the three companies. It’s true, all three companies beat the S & P 500 over that time.
Although the three accounting stocks have a very simple reason why they are still serving high and reasonable prices at all times. American Express has a forward price (P/E) ratio of 28.5 compared to 20.5. But again, sports killers and has a more complex business model.
At first glance, all three companies at a glance are worth considering for earnings shares – 0.7% for American Express, 0.7% for Visa, 0.7% for APM and AV. But the lack of commitment to return the capital to the shareholders of the main product results in more than the stock prices.
For the past 10 years, all three companies have seen their share of yacht charters grow faster than their consolidated earnings.
Very few companies are able to raise their fees and share in such a large amount. And there is reason to believe that all three companies can continue this pattern for years to come.
Network effects and the transition from cash to digital and mobile payments are a long-term boon for these companies. In particular, Visa and Mastercard are also re-resistant. Both companies may see fluctuations in the cost of a single transaction, but the number of transactions can be close even during a single discount period. Therefore, earnings should be less cyclical compared to other financial companies.
Financial services were the second best dominated sector in 2024 – only communications. The big banks are the ones who double the sector and pay higher fees than the fee collectors. But for some investors, the bottom of the bike is a better buy.
Buying equal parts of all three payment systems is a reasonable choice for investors new to the industry. However, you may want to do your own research on each company to determine which one is the best option for you.
Visa is my best choice of the group. In fact, with Coca Cola and Chevron. However, all three companies will benefit from sustained economic growth and lower regulations, which could protect or even increase payments in the coming years.
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Bank of America is an advertising partner of Altic Foolish Money. American Express is an advertising partner of Altic Foolish Money. Daniel bad He has no position in any of the shares mentioned. The loving fool recommends Apple, America America, Beruchier Travel, Chevron, Mastercard, Nivea, Visa, Visa and Walmart. Fun Fool recommends the following options: – Long January 2025 USD Mastercard 2025 January 2025 USD calls on credit card. He has a loving folly a Disclosure Policy.
