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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: ferris wheel who wrote (56764)	1/27/2016 8:02:36 PM
From: Spekulatius	1 Recommendation Recommended By bruwin Read Replies (1) \| Respond to of 76929

Re AXP - I bought a small position today at $55 after some consideration. I think the headwinds are there, but the brand is still intact and it's a good business. Of course it could come down some more, especially if the market tanks, but I think at current prices, there is value.

To: ferris wheel who wrote (56764)	1/27/2016 10:29:10 PM
From: MNTNH	Read Replies (2) \| Respond to of 76929

Im not Wallace but I can offer some factors. :) Losing costco as a co-brand card (some big topline numbers shown) Losing the antirust suit Potential removal of anti-steering of which "supposedly" will lower network prices according to D.O.J. (related to the lawsuit) Declining revenues (less charge volumes) Threat of new payment networks/ systems Recent sharp drop in 4Q profits (but dont think people actually read the financials. last year exceptional gain and this year exceptional impairment) There were several important snippets that I think the crowd missed. Just wanted to pick some thoughts, of all the people here using the costco card...so what if amex-costco is removed? What would you do? Get new costco-visa card or shop elsewhere with a amex card or generic payment acceptance?