Real bargain stock #7: MasterCard (MA)

Filed under: MasterCard Inc'A' (MA), Stocks to Buy

I'd venture a guess that you have at least one, if not multiple, MasterCard (NYSE: MA) credit cards in your wallet right now.

In addition to its credit card division, the company provides transaction processing services to its customers that support its credit, deposit access, electronic cash, and automated teller machine payment card programs. The goal of the company is an ambitious one: to put the use of cash out of business.

The stock has certainly been on a tear since its 2006 debut, rising to over $300 per share near the midway point of 2008. Yes, the recession and accompanying customer spending pullback took its toll on MasterCard in late-2008 and early 2009, but despite the tough economic environment, MA shares are up over 50% year to date.

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Real bargain stock #7: MasterCard (MA) originally appeared on BloggingStocks on Sun, 04 Oct 2009 10:00:00 EST. Please see our terms for use of feeds.

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