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As you scan the investment landscape, it’s hard to find truly exceptional businesses. I’m talking about those that have wide economic moats, long track records of financial success, and sizable growth prospects. Producing outsized returns for shareholders is also part of the equation.
Visa (NYSE: V) fits the bill here. To say the stock has rewarded investors would be an understatement. In the last 10 years, shares are up an eye-popping 400%, crushing the S&P 500 by a wide margin.
There’s absolutely no doubt in my mind that Visa is a great company. But investors shouldn’t rush to buy it just yet. Here’s why.
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