bynd2009

Is American Express Still Cheap?

Good article. Excellent comparison of these giant blackholes to hotdogs (Glad to be a vegetarian so don't have to worry about the contents of a hot dog). If I remember correctly AMEX did buy a bank to qualify for the Fed monies like GS did. Another point to consider is that many companies have gone away (to either MA or V) from AMEX being their preferred card to book the travelling expenses and until AMEX addresses their fee structure, these companies are not coming back. That should put a serious dent in their future earnings.