mr money man

4 Comments

    • ON: Sat Apr 26th 16:23 PM
      Commented on:
      American Express: False Sense of Security?
      just to correct myself on what i wrote on q3 their should be less write down sorry about that i relized theirs no way to go back and edit what you write sorry for the incorrect info
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    • ON: Sat Apr 26th 16:15 PM
      Commented on:
      American Express: False Sense of Security?
      please read this is on the q & a page of the q1 meeting held with amex this will hopfully give you a better understanding how amex handles credit. if you look at folks that are either renters or people who have had a mortgage that is older than 2003 again, it’s been relatively modest change in terms of credit behavior. On the other hand, if you look at folks who have a mortgage that is more recent than that or people where we don’t have mortgage information that’s where we’re seeing the greatest increase in delinquencies. That’s to give you an idea of how it’s different but it’s really different on the credit side as opposed to on the spend side.
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    • ON: Sat Apr 26th 15:39 PM
      Commented on:
      American Express: False Sense of Security?
      ahhh finally some one with some sense i like this guy, but like i said if i would have just read the report i would be agreeing with you. but being that i am a player in the field of the major corporate giant i am sure the write down will decrees not only that amex has allot more deals on the table for the future. remind you those are the remainder major write downs i am not saying their all done but what i am saying is they will go down from those numbers your seeing. also your only comparing the write for q4 and q1, witch is what most smart people would do, but when q2 comes out then you will see what i am talking about. the company is well prepared for those write downs and new what was ahead way before the all it competitors. expect to see less write downs and trust me the stock will go up compared to other major company the write downs are nothing. please write back i just found this site and i like talking to smart people just to get their views who knows one day you might help me with some thing i am not seeing...
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    • ON: Sat Apr 26th 13:37 PM
      Commented on:
      American Express: False Sense of Security?
      i read the article on the amex i think it was very good but need to be reanalyzed if i didnt know the company i would probably just agree. see amex is not like it competitor's amex dose not play on high risk like visa and master card that why more company's had 75% default rate as to amex it was not even half. and i can explain why amex has acsess to public records just like any one else and if they see your defaulting on your other card they will either (A) LOWER YOUR LINE OF CREDIT TO MINAMIZE YOUR SPEND ING IN A TIME OF TROUBLE OR (B) CLOSE DOWN YOUR CARD. remind you the majority of card holders with the company are middle and upper class that can weather the storm. unlike visa and master card it a mixture of both but with a majority of middle class and lower class card holders. also two visa and master card gamble when your defaulting by keeping your line of credit high and in some cases even raising it unlike amex. so for those of you who hold your visa proud beware be cause in the next couple of years you just might find an amex card to replace it! oh and one more thing the next time you want to compare credit card company's compare all of their financial reports to each other then unleash your thoughts! till next time place your money on amex i bet you wont regret it.
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