Time to buy Amex stock?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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Postby Cucumber » Mon Feb 02, 2009 12:35 am

Yeah I'm starting to see it will probably go down before it goes back up.....
Stop talking crap about him!

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Mogul of Pineapples
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Postby Mogul of Pineapples » Sat Feb 07, 2009 3:08 pm

I think the price is around 15 now. If credit card delinquency rate is expect to keep going up the rest of 2009 it doesn't really seem like a wise time to buy into credit card companies. It's already brutal out there and I think it would get a whole lot worse with creditors cracking down. What I think we will start to see is the credit limits we saw two decades when a few thousand dollar credit limit was considered great. I would not be surprised if we see those $20k credit limits go down to $2 or $3k.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

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American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
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