no....it really shouldn't....they are only expecting a growth rate of around 5% ......well below market averages. In fact the p/e needs to be near half of the S&P and they will be fully valued.
AXP is a good company just a terrible stock.. Stay away
to his defense....he has to make a call every day/hour. My track record would be terrible too commenting on every stock. HOWEVER.....this analysis of AXP is odd.
AXP is so cheap because we get a swipe fee, then collect interest/annual fee as well. Its more than double dipping. They just need to show costs are being lowered and loan provisions decreasing= 90-100 handle quick
terrible prediction, but I fear that this will not be a swift recovery and will test the will of many. Lock in @ a decent price and keep adding. If it goes bust it goes bust. I highly doubt it based on their biz model/assets
You can't predict intraday prices. A fools game, it could be up 10% and then down 10% on monday. Today is proving Friday meant nothing. Brace for the worst in 1-3 months. Then pick up the pieces.
Lots of bleeding needs to occur unfortunately. Not a V shaped recovery and I suspect we get one more whacking to make everyone give up then the bargains begin.
How do you figure? Actually if you could do any accounting you would realize they will post a massive gain based on estimates so low and Costco expiring in a year. Guidance is key, but basically as long as they don't say they will collapse it will beat by 15 miles.
Think AAPL when they were suppose to go to 0
say a merchant accepted 5k in cash and turns out to be counterfeit? Yeah I would rather take the 3% guarantee and move on to the next.
if you pay your bills it doesn't matter. Your 2% cash back means nothing if you max out your cards every month. Logic.....many have none
its all on Costco news now. If it arrives soon it will gap up 5-8% then probably idle like Visa did. Excellent chart set up.
Here is what is going to happen. Earnings estimates are so low this company mine as well be written off not to make a profit.
Now............... The impact will happen in 2016, so next ER will be the biggest crush it will have in the history of the company. Future guidance is thew wild card.
Probably like MA tread water for 8 months to a year then monster spike again. Floor seems to be put in with massive amounts getting credit vs cash
If program is working in Canada it will go here, MA is in breakout mode so it could spike 5-9% on any news about the deal. Lots of money would be generated from it and the upgrades will follow