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  • Memo to Warren: AmEx Preferred at 15%, Warrants at $12 [View article]
    At the risk of stating the obvious, the common stock of a credit card company has proven an excellent way to lose money during this accelerating recession. The fact that Amex has converted the company into a bank so that they can receive Federal emergency funds makes me wonder.

    Oracle Warren is big into brand names with sustainable competitive advantages with good management. Does a credit card company have a sustainable competitive advantage during a credit bust?
    Nov 16 22:49 pm |Rating: 0 0 |Link to Comment
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