Mastercard Inc (MA) Just Hit an All-Time High: Is It Still a Buy?

At about 20 times forward earnings, MasterCard is nearly as inexpensive as in years past. However, given the fact that it can grow its gross dollar volumes being transacted in emerging markets by 15% or greater for what I project will be at least the next decade, I’d call it remarkably undervalued here. I will continue to leave me CAPScall of outperform firmly in place on MasterCard.

The article This Financial Services Company Just Hit an All-Time High: Is It Still a Buy? originally appeared on Fool.com and is written by Sean Williams.

Fool contributor Sean Williams has no material interest in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.The Motley Fool owns shares of MasterCard and eBay. Motley Fool newsletter services have recommended buying shares of Visa, American Express and eBay, as well as writing a covered strangle position in American Express.

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