"While we expect the negative impact on earnings and revenue growth in 2015 and 2016, we remain confident in our ability to achieve our 12% to 15% EPS growth target over the moderate to long-term," said Chief Executive Kenneth Chenault in a conference call, according to a FactSet transcript.
Not surprised that COSTCO didn't work out - COSTCO pushes suppliers to the MAX and AXP is NOT interested in keeping a relationship with a company that underminds their business model. Let COSTCO jump in with small fry credit outfit. You know, this dealing happened with ABBV and Express scrips - ABBV sold out to EXPR to get volume on their version of HEPC drug and it cost ABBV $$$$. Gilead took initial hit, but they fully recovered weeks later. Selling out business model to get volume never works.
A little research might help you - BOX had an IPO last week - the company has NO profit!
Box, Inc. provides a cloud-based mobile optimized enterprise content collaboration platform in the United States. The companys platform enables organizations of various sizes to store, share, manage, create, and collaborate with content internally and externally.
In fact, the CEO states, But as warned in its S1, Box “does not expect to be profitable for the foreseeable future.”
Still, it's fantasy time for CLOUD computing (research the internet to discover what CLOUD is), so the eager beavers drive the company up to crazy levels the first day of trading.
So, I say (sarcasm here), CE should claim something about the CLOUD to protect the stock valuation.