July 25, 2013 Comments

S&P 500 up 0.3%, Toronto flat on the day.

Toll Brothers was down another 1.1% to $31.95 and the low for the day was $31.00.

Visa was up 4.2% to almost $195. Our ratings on this stock for the past few years (as of the start of each year, except as noted) was: 2013: Buy at $151.58, 2012: not on list at start of year but added back on March 28, 2012 rated Buy at $119.35. 2011: Buy at $70.38, 2010: Weak Buy at $87.46, 2009: Added to the site on April 15  rated Buy at $58.24. Over these years I mentioned numerous times that Visa had characteristics of an unregulated monopoly. I sold it too early myself, then bought back and again sold too early. I intend to update the report in the next week or so. I suspect it will look rather expensive at this price.

 

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