American Express Company (AXP)

dibble905 (99.61) Submitted: 11/16/2008 10:39:11 AM : Start Price: $18.96 AXP Score: +73.78

American Express is not slated to post an annual loss despite its troubles. This major credit card company is and will continue to maintain its high status in various social circles -- It has a competitive advantage that no other credit card company can simply unseat due to the financial crisis (every credit card company is facing the same issues). With that said, the majority of bearish comments on here suggests problems which are very well known and priced into the stock as of right now. However, due to the hysteria surrounding the financial sector in general, this stock has been pushed deep into the bargain bin. When American Express begins to post healthy earnings or drops in credit card defaults, this stock will make quite a leap.Note: We all seem to believe Amex asking for the bailout cash as a negative. However, please note that over 109 other firms are asking for the same thing. Although the money is meant as a bailout, be weary what the use of that cash is -- some of those 110 firms may not really need it for a 'bailout' and it may be for other intentions. Also, the $3.4B it seeks will assure that Amex will stay afloat at the very least.