Visa Inc. is updated and rated Weak Buy at $79.04 (it closed today at $78.29 but my analysis was done earlier at $79.04). Visa is clearly an excellent company and is exceptionally profitable. And it sits at the center of the conversion of monetary transactions to electronic forms. Nevertheless at 31 times earnings it does not seem like good value. And its VISA Europe transaction is going to cause it to report lower growth in the next two years before that transaction becomes accretive. I would prefer to wait and hope for a pull-back in this stock rather than buy now.