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

To: Wallace Rivers who wrote (54946)	2/13/2015 11:15:19 AM
From: Keith J	Respond to of 78754

I took a quick look at, but will pass for now. To me, it's not just that AXP will lose the spend at Costco, but may also change the calculus for some users who might just cancel their AMEX cards altogether (especially for those that have annual fees like the Starwood AMEX) since that spend (and rewards) will get shifted to the new provider (whoever that becomes). Although I would have to think DFS is a low probability. KJ

To: Wallace Rivers who wrote (54946)	2/13/2015 11:59:13 AM
From: Paul Senior	Respond to of 78754

AXP. I looked too and will also pass. I suspect company will make some adustments either to its business model or advertising to keep current customers and attract new. So I expect stock price to eventually recover. For me though, I hold positions in other card issuers, and I will stick with those stocks for now.