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American Express: Plenty More Growth Ahead
Summary
- American Express offers above-market double-digit growth, a strong brand, and a healthy dividend with a reasonable valuation.
- The company operates a "closed loop" payment system, generating proprietary data on customer spending habits.
- American Express has a track record of consistently growing dividends and reducing outstanding shares, resulting in high shareholder returns.
Professional equity portfolio manager for a boutique buy-side asset manager.My focus is on finding high-quality companies, applying a disciplined approach to valuation and identifying underappreciated opportunities. My goal is to identify opportunities in cash-rich companies with strong balance sheets and shareholder friendly policies. I endeavour to incorporate a mix of quantitative and qualitative measures to identify opportunities in stocks. Long-only approach with a long-term investment focus.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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