American Express Co. (AXP)

All Comments on AXP

  • commenter
    OJO Zafado
    Apr 21 12:29 AM
    Insider Trends in the Financial Sector [view article]
    I tend to agree with Serge. WB looks the most vulnerable. I do not see these financials bottoming until after the annual Summer sell off. We are going to see this bear market persist, after this bear trap rally past 1400 S&P ends. There is still time to get some puts on. BOA is big enough to weather the storm and will most likely rally strongly in the year end rally. JPM has capable leadership. C has a new CEO and he means business. All the deadwood will be out of Dodge at C in short order. Wells Fargo is very much exposed to the Calif. realestate market but was a little more selective than most in loaning money on realestate without equity. They have reasonably capable leadership as well. That leaves WB with their lame CEO who has embarrassed himself and the bank. Many times proclaiming the dividend secure in the months and weeks up to this past week's disasterous numbers and not just triming but brutally slashing the dividend by 40%. WB was still running their PicAPay mortgages ads(Neg amort) on TV just weeks before they reported. WB is the most vulnerable of the top 5! The leadership is either shell shocked or just really stupid! There is one place to gain a foothold in these financials NOW though. There are fabulous and relatively safe yields to be had on the existing prefferred subordinated debt shares of the better banks. USBPrE, JPMPrW, are good yielders. There are also some issues of BOA &WFC that are good as well. The WBPrS is up over 8% and that is a signal to stay away. These can be augmented with ADJ rate issuances like UBS-D, BAC-E & FNM-P for inflation protection. A position in DXKSX will also help offset any inflation issues. WB could easily break through $20 to the down size if they do not have a mangement change soon. Since the exposure of the LIBOR fixing fraud UBS-D has rallied sharply and may be best acquired on a pull back. Reply
  • commenter
    Col.
    Apr 20 10:45 PM
    Insider Trends in the Financial Sector [view article]
    If the financial companies are a good buy just walk in one of these banks and try to get any amount of money out that you have deposited NOW! Let us say $5000, 10000, 20000, 50000 and see how long it will take you! You will get the song and dance about they have to order the cash or they just don't carry that much on hand etc!!! Reply
  • commenter
    Yan
    Apr 20 05:18 PM
    Insider Trends in the Financial Sector [view article]
    Does Karim Rahemtulla know what "insider buying" really means or does he check the latest data? I guess his claim was based on future data. Reply
  • commenter
    Col.
    Apr 20 04:08 PM
    Insider Trends in the Financial Sector [view article]
    Sorry about that! It is GROSS DOMESTIC PRODUCT... Reply
  • commenter
    Col.
    Apr 20 04:06 PM
    Insider Trends in the Financial Sector [view article]
    This was an interesting article but please tell me why you would want to purchase a stock of a company that had about 200 plus percent more liabilities than assets? Why would you want to purchase a stock that was so inflation sensitive? If you look at the M-3 money supply vs the growth domestic product of the US you would have an inflation rate of more than 12 percent and climbing! If the banks would settle their derivative accounts and followed the banking laws about financial reserves you would find most of them are bankrupt! This goes for the brokerage industry too! The sub-prime bond problem is just starting in the US and is getting under way in Germany and Canada as well! We are over $9 trillion in debt and the US dollar is sinking into the sunset while the Federal Reserve just keeps cutting the interest rate and making it sink further! You cannot cure debt with more credit! Y'all better buy a lot of silver and gold to preserve what ever assets you have! Reply
  • commenter
    Serge
    Birbrair
    Apr 20 03:56 PM
    My Website
    Insider Trends in the Financial Sector [view article]
    I think the financials are just setting the bear trap. Reply
  • commenter
    Serge
    Birbrair
    Apr 20 03:53 PM
    My Website
    Insider Trends in the Financial Sector [view article]
    Why would insiders buy now?
    There is another storm on the horizon,
    $330,000,000,000 storm which wasn't even addressed yet:
    arsclassaction.com     Reply
  • commenter
    sumosama
    Apr 20 01:50 PM
    Insider Trends in the Financial Sector [view article]
    would like to see real data on buys...additionally, why would most insiders buy when they are getting massive options grants with reload provisions or outright stock grants? Reply
  • commenter
    richjoy
    Apr 20 11:28 AM
    Insider Trends in the Financial Sector [view article]
    I want to thank user, locke, egan, and others for researching this article and providing the facts regarding insider purchases of financial shares...Internet at it's best!...well done! Reply
  • commenter
    Whisper On
    The Wind
    Apr 20 10:54 AM
    Insider Trends in the Financial Sector [view article]
    I think when ETFC gets up to $6, I'll get more. As for JPM, WB, C - I've gotten a bit more in the last couple months, when they were lower. My IRA isn't looking so bleak anymore. Reply
  • commenter
    User 155598
    Apr 20 08:28 AM
    Insider Trends in the Financial Sector [view article]
    Regardless of if & when these insider purchases took place, financials offer real opportunity for substantial gains for the longer term invester Reply
  • commenter
    Zeninvestor
    Apr 20 08:26 AM
    Insider Trends in the Financial Sector [view article]
    ETFC had all the officers buying, and holding in January and February. That and compensation for the new CEO that is almost all in stock and options made me a believer in that stock, and I look for it to break out.

    Most of the financials have so far written down their mortgage portfolios to two or three times any anticipated 'net losses'. The earning surprises in the future will all be to the upside. Two more quarters and liquidity will return, and the vintages will have seasoned to the point where you can accurately predict the 'real losses'. That is why financials are moving from the 'insider' point of view, they are closer to knowing what the real losses will be, and the strength of the franchise going forward.     Reply
  • commenter
    willisj
    Apr 20 06:43 AM
    Insider Trends in the Financial Sector [view article]
    BAC, WFC & USB are Buffett buys; I'd be cautious shorting them. He often buys more when they return to HIS "fair value" mark. Reply
  • commenter
    arizonamikes
    Apr 20 12:05 AM
    Insider Trends in the Financial Sector [view article]
    There seems to be a lot of cheerleaders, out there in the media, for the finance stocks. The media ran the Lehmans analaysis of Citi Fri., to the ground. It's intresting Lehman and C are in the same "kettle". Where was the Interviews with the like's of Meridth Whitney. Who can believe anyone in finance at this point in time? IE Bear Sterns CEO flat out lied just 2 wks before it CRASHED. Another CEO since then made a false statement,too, the company and CEO'S names elude me. Are these people held responsible for their statements?
    Reply
  • commenter
    lnl
    Apr 19 08:04 PM
    Insider Trends in the Financial Sector [view article]
    ".… the answer is the financial sector. Large insider purchases have occurred at some of the following companies " some?? why make a list with "some of the following companies"?

    check out the insider purchases here. Link should put you to BAC info and see for yourself
    www.insidercow.com/


    Reply

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