Boca_Bobby Basics

[funmaxus]

Hey BB, so long as you are in a short mood, maybe you want to pick a nice entry for AXP. Keep in mind this static screen print shot here shows when AXP still had American Express Financial Advisors (since spun off) and was involved with 2nd mortgages on homes, and American Express Travel was still going ok...Hmm, let's see the only thing left is the American Express Card. Remember AXP became a bank holding company, took TARP funds (I think since paid back) and did pass the TARP test, however they may have some upcoming difficulty when the Credit CARD Act of 2009 goes into full effect February 2010. Perhaps a March 2010 put or later after Q1 or Q2 earnings report?

sources:
http://www.govtrack.us/congress/bill.xpd?bill=h111-627
http://www.creditcards.com/credit-card-news/credit-card-law-interactive-1282.php
http://www.stopbuyingcrap.com/personal-finance/credit-card-act-2009/



Oooh damn he called me out again.


fun