markb

The Long Case for American Express

One reason to look hard at AXP now...Buffett has 13%. Buffett said he is looking for something big. Buffett has liked AXP for 40 years. According to Motley Fool, AXP changed bylaws to make takeovers easier (50% vs 66%). AXP would benefit from not being public. Buffett likes Chenault. Would be surprised if Warren isn't sniffing around at this PE.