Should You Buy Visa While It's Below $320?

's (NYSE: V) share price is trading near its all-time high of around $312 per share as I write this. Is it worth buying at these levels? If you have a value bias, the answer will probably be no. But if you are willing to buy good companies at fair prices, the answer might be a little different. And if you appreciate dividend growth, well, your convictions about buying might be even stronger. Here's what you need to know to decide whether or not to buy Visa today.

In simplistic terms, Visa is a payment processing company that shares an effective duopoly with Mastercard. The logos of these two companies are ubiquitous, fastened upon the plastic cards consumers carry in their wallets, on the windows of stores, and on retail websites across the world wide web to let consumers know they can use those cards. Visa doesn't own the cards or the stores; it simply processes the transactions that take place using cards with its logo on them. It is a toll taker, collecting a small fee for each transaction it handles.

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Source Fool.com