24/1/2016 AXP dropped further

3 years ago JCprojectfreedom 0
AXP dropped further to $55. Reasons cite that the payment industry is facing intense competition. With the rise of Fintech and other credit cards, will American Express lose its competitive advantage? Is the moat wide enough for the company to tide through the global slowdown? We shall see.

As part of rebalancing of portfolio, once I have made gain in my other shares, I will definitely revisit this company. I like the business, the service among all the credit cards is the best.

5/2/2017 Review
Today AXP is at USD 77+ and rising. However, it is no longer in my portfolio.