Seeking Alpha: Mastercard: Concerns for a Potential Market Turn

Mastercard Inc. (MA) has had a bumpy ride so far in 2010. After posting a new recovery high near $270 in early January, the stock lost roughly 20% of its value after the company issued a disappointing fourth quarter report.



While the card issuer’s revenue was up 6% and earnings actually increased by 31%, investors were less than pleased. Nearly all of the growth in earnings came as a result of cost cutting within the firm and even the 6% increase in revenue was primarily a function of currency fluctuations and not a real growth in business...



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