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Mastercard stock down big time due to recent market news?

Question: Mastercard stock down big time due to recent market news?

(Posted by: Why!? on 2007-08-02 10:02:58)

Target price has been downgraded to 141 if stock fall further.. would it be a good time to invest in MA or not yet since the credit market has been very unstable and we should just stay away from financial stocks for now?


Answers:

Posted by: Sal on 2007-08-02, 10:57:53

It might be best to stay away from banks and other credit issuers for a while. Nobody knows yet how bad the mortgage debacle will effect the entire industry or how much more debt will be defaulted on and written off. That being said, a good time to buy is when "blood is running down the street. " However in this case the stock might have a ways to go on the downward side.

  

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