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Credit Card Breakdown: AmEx Disappoints, as Predicted |
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| Jul 22, 2008 05:56 PM UTC |
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Tracked Blogger
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Via Long Investment Ideas from Seeking Alpha:
I’ve been saying the same thing for months. Ignore American Express (AXP) because of its exposure to consumer debt. But no one listened. AXP will be fine, they said. You’re blowing the consumer issue out of proportion. “Ian Cooper has no brain,†said one reader. But we were right. 
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