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  • Credit Card Breakdown: AmEx Disappoints, as Predicted [View article]
    VCashCow: Great analysis of the information...
    Jul 24 21:05 pm |Rating: 0 0 |Link to Comment
  • Credit Card Breakdown: AmEx Disappoints, as Predicted [View article]
    I think Amex will be around in 2 years..of course, I just don't think some of the banks will be.

    And yes... ALL stocks now matter what sector, will have highs and lows..it's one big roller-coaster ride.
    Jul 24 11:27 am |Rating: 0 0 |Link to Comment
  • Credit Card Breakdown: AmEx Disappoints, as Predicted [View article]
    Adesai: Good to see you.. you're right on with the data regarding the rapid global growth that both V and MA are experiencing.

    I know 90% of the people here understand this but let me re-state it.

    1. Visa and MasterCard are in the Services sector. American Express is in the Financial sector. Apples and Oranges.

    2. Visa and MA will NEVER turn into a credit issuer as a previous poster suggested, they will never be worried about whether someone defaults on their credit or pays on time.

    3. As a poster here pointed out, Amex is experiencing huge amounts of large credit line defaults - again, an issue V or MA will never have to deal with.

    4. "Although charge-offs are picking up recently, that's not a big deal, these losses can be offset by hiking overall rates on customers, or hiking fees on Merchants" - mojo

    - Yeah... and the consumers are just going to rush right out and apply for Amex because they want to pay the extraordinary fees that won't amount to a drop in the bucket in terms of making up for the huge charge-offs and credit defaults Amex is dealing with now.

    5. I'm pretty sure I won't look back in 2 years and wish I'd bought a few shares of Amex today.
    Even though I think financials will eventually come up for air. There are just some credit issuers, lenders, and banks that won't survive long enough to catch that life-saving breath.
    Jul 23 23:22 pm |Rating: 0 0 |Link to Comment
  • Why American Express Should Be Ignored [View article]
    Meant "Discover", sorry :)
    Jul 21 14:57 pm |Rating: 0 0 |Link to Comment
  • Why American Express Should Be Ignored [View article]
    mojo:
    Take a look at the Relative Strength Index (RSI) for Visa (V). Comparing it with the S&P, Dow, MasterCard, Discovery, and American Express, you'll find that Visa OUTPERFORMS all of these over a 6 month and year-to-date time line (caveat: MA has surpassed Visa for the last 2 weeks based on RSI).

    While this may not be an indicator of who is the "better business", it clearly shows that V clearly outperformes versus the S&P, Dow, and other Credit Cards... a pattern emerges.
    Jul 21 14:50 pm |Rating: 0 0 |Link to Comment
  • Why American Express Should Be Ignored [View article]
    Thanks for the link mrbill.. it's been a while since i took stats, but I think I can figure this out based on the formulas given (especially in the average growth approximation).
    Jul 15 20:14 pm |Rating: 0 0 |Link to Comment
  • Why American Express Should Be Ignored [View article]
    Can anyone here explain (in layman's terms) how to find the fair value of stocks? I know it's not black and white, but some explanation would be helpful.

    On a different note, I know people here think Visa bloggers 'drank the kool aid' but there are a few of us who actually understand that ANY stock is a risk, and there is NO stock that is all good news. You need to know about the good and the bad, equally, to be fully informed. Otherwise, it is a cult.

    And for those that bought any stock thinking it would put their kids through school, etc, should prepare the kids for home schooling with the market being what it is now.
    Jul 15 18:46 pm |Rating: 0 0 |Link to Comment
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