NEW YORK ( TheStreet) -- Are there quality growth stocks out there? TheStreet's Gregg Greenberg discusses a few of them with Edward Painvin, portfolio manager for the Chase Growth Fund.
Painvin's first pick is Visa (V), which is up over 50% in the last year and, as Greenberg pointed out, is now trading at 22 times next year's earnings.
While it may seem expensive, Painvin notes that Visa controls 22% of the personal consumption market, and the move from cash and checks to plastic is only going to grow in the coming years.
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