sidroth

sidroth
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  • AmEx lower after earnings beat and strong guidance  [View news story]
    I am extremely disappointed in the performance of the stock as well as senior management. It is hard to believe that senior management walked away from the Costco deal and is now mentioning possible acquisitions going forward. Even if the Costco deal cost generated a loss of $40 million pretax annually on the Costco billing this should have been more than offset by a combination of the non-Costco billing,profit on Costco loans and cost of replacing Costco CM's. Proof of my point is that the Costco portfolio was valued by the CFO at approx $1Billion on tonight's conference call.
    In addition, Costco was one of the few key merchants where you couldn't "leave home without it" if you wanted to shop at Costco with a credit card, reinforcing the value of the card. Even if you attribute about $15 of the $35 drop in the stock price to the Costco debacle that is a loss of $15Billion of market value.. did someone really do the math???
    Where is the Marketing "magic".. All I heard on the conference call tonight were defensive comments about"data" and cost cuts. The media Marketing campaign to the degree that there is one is muddled with no memorable tag-line...if there is one I can't remember it.

    Unfortunately, I still own shares and am tired of hearing management's strategy that boils down to..trust me we know what we are doing.. I'd rather hear about the launch of a new unique innovative campaign/service tied into Don't Leave Home or Go Online Without It.... Amex can't just be another bankcard..
    Jan 21, 2016. 07:08 PM | 8 Likes Like |Link to Comment
  • Government Properties Income Trust: Exceptional Value After Sell-Off  [View article]
    What is your current position on GOV? Do you still like it or does it make sense to wait until fear about the debt limit and/or gov/. cutbacks drives down the price? How safe is the dividend??

    Thx Sid
    Jul 6, 2012. 03:36 PM | Likes Like |Link to Comment
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