As my colleague Sean Williams writes, Buffett likes the cyclicality of the sector, particularly with regard to banks, as periods of growth typically last much longer than recessions. The stock took a hit in November, as all payment and credit companies did, on fears of inflation, supply chain issues, and COVID-19 variants slowing down the economy and creating a less than merry Christmas. Yet its valuation is still attractive, as it is trading at about 17 times earnings at recent prices, which is fairly low for a stock with strong growth potential and way down from where it was.