User 172125

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

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......

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)........

A Very Warm Welcome to Visa's IPO

Im a Grace fan- she is smart and sexy and I really feel bad that no one posted so let me be the first.......lol