Credit card losses appear to be increasing and the bankruptcy law that was passed may not be of much help given the current situation. Unlike BAC and C, AMEX is strictly a credit card company with no deposit base or other businesses to make up for a tapped out consumer and a prolonged recession. Over the years the brand name that has lost some of it's luster. Would rather own Visa or MasterCard --- if I felt the need to add a credit card card company to my portfolio.
Cramer's Mad Money - Four Tech Horseman Gallop Again (2/2/09) [View article]
FSYS is an interesting company. Zacks also came out and recommended the stock as a value and growth play. There are a lot of value plays to chose from ---- unfortunately the growth aspect is clouded by a lack of visibility. This stock should do well under the Obama "stimulus" package once someone actually understands the package. Until then, it's just a spec stock that keeps crushing earnings....
Is American Express Still Cheap? [View article]
Cramer's Mad Money - Four Tech Horseman Gallop Again (2/2/09) [View article]
Will revisit the company when the dollar weakens.
Cramer's Mad Money - Four Tech Horseman Gallop Again (2/2/09) [View article]