improvisation in the key of life

Thursday, January 27, 2005

Here's a blog for ewe

I'm just about to dive into American Express as a stock investment.
The reason is, they have a new "carry your balance" policy on the
traditional card. Eye, E amex gets interest rate income. they did this,
then they promptly had "big earnings", i believe "record" earnings.
time for fundamentals research.


  • At 1:50 PM, Blogger David Bismuth said…

    Hi Blue,

    I always thought of AMEX as a "Green" or "Gold" Card !

    But "Blue" would also be a nice color ...

  • At 10:43 PM, Anonymous Anonymous said…

    That all seems a little fishy. May-be they are blue with envy of citibank's iPod mini promotion.


  • At 8:08 AM, Blogger Errol said…

    Aren't they a little late to the party? Maybe that's a good thing though. They've got all these people using their cards and now they can just not pay 100%, but they already had a debt card as well as the standard one. How will they now justify the price difference? Their debt card was free. The regular costs money like$40/ year. Further, for retailers it used to be that VISA and MC were about 2% and AMEX 6%. I found that it's easily worth it to offer AMEX because the relatively few AMEX buyers tend to spend approximately 30-70% more on average. So it's foolish when retailers don't take it, are their margins really that tight? But now, if this is the case, it's going to be a much harder sell to retailers.

    It could backfire.

  • At 6:31 PM, Blogger blue][erring said…

    Paul Sarbanes is pulling all the feathers out of the social security "reforms".

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  • At 3:36 PM, Anonymous Ben said…

    Hey Blue, esrever reader here.
    How'd the Amex thing turn out?

    The carry a balance thing was far from a new thing. I got into a lot of debt that way in college during the late 90s. ;_;

    Yes, I'm better now.

  • At 4:48 PM, Blogger blue][erring said…

    hey ben
    you know, i never did buy any american express stock. i just looked at a 2 year chart and it seems to be just about where it was, so... that worked out well!



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