Comments on: Is American Express (and financial stocks) still cheap? http://ContrarianEdge.com/2009/09/05/is-american-express-and-financial-stocks-still-cheap/ Vitaliy Katsenelson blog on the economy, stock market, and stocks. Applying Active Value Investing approach. Fri, 18 May 2012 08:51:00 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Vitaliy Katsenelson http://ContrarianEdge.com/2009/09/05/is-american-express-and-financial-stocks-still-cheap/comment-page-1/#comment-190671 Vitaliy Katsenelson Fri, 11 Dec 2009 17:41:05 +0000 http://ContrarianEdge.com/?p=1213#comment-190671 Aaron and janbbeck, it is about future growth. Consumers are deleveraging, credit card balances are declining, and though AMEX's transaction business will still be OK, its growth will be slower than I initially estimated. Aaron and janbbeck, it is about future growth. Consumers are deleveraging, credit card balances are declining, and though AMEX’s transaction business will still be OK, its growth will be slower than I initially estimated.

]]> By: janbbeck http://ContrarianEdge.com/2009/09/05/is-american-express-and-financial-stocks-still-cheap/comment-page-1/#comment-190566 janbbeck Sun, 22 Nov 2009 17:13:42 +0000 http://ContrarianEdge.com/?p=1213#comment-190566 I would like to second the question from Aron. What made you adjust the fair value? I would like to second the question from Aron. What made you adjust the fair value?

]]> By: aw237 http://ContrarianEdge.com/2009/09/05/is-american-express-and-financial-stocks-still-cheap/comment-page-1/#comment-190537 aw237 Wed, 09 Sep 2009 16:36:22 +0000 http://ContrarianEdge.com/?p=1213#comment-190537 Hi Vitaliy, great site! How does this analysis with normalized earnings arrive at a $33ish dollar fair value? When you normalized earnings in your longer 2007 analysis to $2.50 you said it was worth around $50. thanks, aron Hi Vitaliy, great site!

How does this analysis with normalized earnings arrive at a $33ish dollar fair value? When you normalized earnings in your longer 2007 analysis to $2.50 you said it was worth around $50.

thanks,

aron

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