User 172125

Upbeat Outlook for Credit Card Backed Securities - S&P

Nayr- Good Point.

Listen-I have said my final piece on V- am moving onto some other sectors. I am working now on our other blogs (which I won't post here as they have nothing to do with V). Just wanted to say that it has been a lot of fun- (and a great distraction from market turmoil) to talk about V the past few months).

I wish all of you holding V/MA/AXP- etc... (and other stocks)- best of luck in the second half of the year. God knows we could all use some luck right now.

Jon

How Much Credit Is Too Much? Where AmEx Went Wrong

Oh - one more question Frank/MOJO- do you know GreenCap/MA Trader??

How Much Credit Is Too Much? Where AmEx Went Wrong

Yes- track record says it all.

That is why I have maintained that V was a better play all along. I have also maintained that V would decouple from MA in the second quarter of this year (which it did).

I now have the full support of most top analysts, institutional money, and the market itself (not to mention reported financials and actual results).

But why gloat- we are all here to support eachother.

Mr. Bill- you are sounding smarter all the time.

ALOHA!

In the meantime- we have a wide-variety of content on V:

visawinners.com

Upbeat Outlook for Credit Card Backed Securities - S&P

I don't know when investors will wake up (if ever) to the fact that 'securities' backed by debt- are better left to professionals.

The reason we are in the mess we are in is that I-banks securitized a vehicle they knew little about- and banks were complicit in the largest ponze scheme in US corporate history.

Straight equity all the way for me.

As far as the V/MA comparison- As I predicted V has finally decoupled from MA and is in its own league.

MA had its run- V is the play going forward.

www.visawinners.com

How Much Credit Is Too Much? Where AmEx Went Wrong

You know Mojo- I'm not convinced- and I've got a little digging to do- but it will be simple enough as the more you write the more comparative documentation you provide. I, for one, can't imagine anyone being bullish on DFS over V... There is something very wrong with this picture.... But- then again- think about how many crossword puzzles went unfinished because of just one misssing word?

In my estimation the absolute BEST thing DFS has going for it (and you haven't mentioned it) is the pending litigation DFS has against both V and MA. V and MA have entered into a joint settlement agreement and I predict a settlement will be reached prior to the trial date (in Sept). V and MA have the cash (well V has it in hand- but MA can make AXP like payments- and I don't think DFS wants to risk a trial because their case is week. People talk about 'treble' damages as its an anti-trust case- BUT- the case itself is week.

Basically DFS marketshare has pretty much flatlined since MA and V stopped the 'onerous' business practice (which was actually just capitalism at its finest)- whereas AXP's increased substantially. DFS is going to have a hard time proving that its ability to grow was constrained if they were not able to prove growth after-the-fact.

In fact, if this does go to trial- that is a sign that V/MA are so confident about their case that they didn't feel the need to settle.

I, for one, expect to see a pre-trial settlement this month. You could make the case for a quick pop. If, for example- V/MA are willing to each give DFS 1.5 to 2billion -that would help out the smaller - lesser equipped CC provider out quite a bit..

How Much Credit Is Too Much? Where AmEx Went Wrong

Frank- Posted a comment to your other article: Card Issuers: Facts and Fiction

Was curious about the fact I had never heard of you- and suddenly you just popped up taking the V/MA- contra position with AXP/DFS.

Got a strange feeling when you were on the V boards- because I didn't sense conviction on your part-

Let me ask you a question; you wouldn't happen to be be friends with 'GC' would you??

How Much Credit Is Too Much? Where AmEx Went Wrong

Amex is merely reflective of society- and society has 'gone wrong'- AXP is just one of many pawns in the consumer culture.

When we started spending more than we made, leveraging our credit to afford a lifestyle beyond our means, and borrowing knowing that we didn't have money to cover all the debt that was being charged up- WE- (the country- and our people went wrong).

Its like the lack of personal responsibility in education. If Jimmy is a retard and has trouble putting air in his tire- that is ... name the politician...etc...

AXP?? NO- my friend- the consumers that most likely lied to up their credit limit. The consumer that took out that 18th card- the consumer that charged beyond their limit. AMEX may have been the pusher- but the user- injected that credit- and the Amex didn't put a gun to their head.

Big Ben's Credit Card Moves: The Good, the Bad and the Ugly

Hey Fx trader- and bear fund- you keep doubting-

I have 6 options positions....

I own several thousand shares..

And- I've traded the untradeable....750 TIMES

I have 6 figures in PROFITS under my belt - you guys must be salaried guys because I hear little old men in young bodies talking-

Why don't you guys just go buy an annuity and then in twenty years you can take your little checks and go fly fishing! You may even be able to rent yourself a little RV if the price of gas goes down......

Whats UP SPC- I KNOW for a fact YOU are cashing in right now......

Dilution, Infusion and Collusion: Push Stocks Higher!

pavlov- what the owner is upset about is that instead of trading stocks- and making money- he has to write about those of us with the testicular fortitude to do so- we are not in a recession as the facts keep dictating........ in the end you will see that we slowed down but didn't contract. I can't be made at doubters for I am making profit buying stocks at a discount while your money sits on the sideline.keep on waitin.......

Big Ben's Credit Card Moves: The Good, the Bad and the Ugly

bearfund- I doubt you have any money if you think V is untradeable. My 750 trades since the IPO earned me enough to buy you a home..............

Big Ben's Credit Card Moves: The Good, the Bad and the Ugly

jamin- i'm with you on hte v option calls- AND holding a core position- And day trading the stock (some prefer to own MUCH more than the others satisfied with simply owning more than others)........

Dilution, Infusion and Collusion: Push Stocks Higher!

H20- Now you know why I'm moving to Brazil............

I feel America has 3 years left until one of two things happen:

1. The devilcrats tax us to death or
2. Our country goes into a tailspin so great it will make the credit crisis look like a bad hair day

As someone whose family has been in this country for 200 years- it pains me to see the demented group of people running for office- as we essentially have three liberals running for office...........

I visited 20 countries in the last five years and decided on Brazil- the southern part (Santa Catarina ) is 8million European Brazilians- and is my Destiny............ I even married a Brazilian to get me a green card :-)

Dilution, Infusion and Collusion: Push Stocks Higher!

The one stock mentioned that has the best potential going forward is Visa (V)- expect to see $100. by the end of this quarter.

The second- is Mastercard (MA)