The report on Visa Inc. is updated and rated (lower) Buy at $230. This is a fantastic company and despite the high P/E ratio of 29 it may still be a good investment at this price. I’m holding a reasonable allocation to VISA and have no plans to sell. I’d like to add to my position if it happened to fall back to about $200. But that’s unlikely to happen unless there is a general market pull-back such as due to a recession or fears that the FED is going to push interest rates up more than expected. (Two more hikes of 0.25% are now the consensus expectation).