"Sometimes you're outside your core competency. Level 3 is one of those times but I've made a bet on the people and I feel I understand the people. There was a time when people made a bet on me." Warren BUFFETT	Donate with Paypal
- U.S.A. - Canada - U.K. - France - Germany - Japan - Hong-Kong	American Express - - DOW JONES 30 - Consumer Finance American Express Company (American Express) is a global payments and travel company. The Company?s principal products and services are charge and credit payment card products, and travel-related services offered to consumers and businesses around the world. MARGIN OF SAFETY of American Express : (negative) The Margin of Safety of American Express is not OK (<50%). How is the Margin of Safety calculated ? QUALITY : Conservative Investors : Enterprising Investors : What are the Stars ? FORUMS VISIT American Express FORUM ! Alerts : SELL at : 14.09 USD on : 3/18/2009 STOP at : 37.81 USD on : 8/25/2008 What are the alerts ? Price over 1 year : PRICE, INTRINSIC VALUE & MARGIN OF SAFETY based on GRAHAM's FORMULA What is the Graham's Formula ? American Express price is : (as of 5/21/2009) USD Current Earnings per Share (2008 est.) are : USD Estimated Long Term Growth (% per Year) is : % INTRINSIC VALUE = 0.97 x (8.5 + 2 x 0.93) = 10.05 USD MARGIN OF SAFETY = (negative) (not OK) How is Long Term Growth estimated for American Express ? Historical analysis for American Express - See detail QUALITATIVE FILTERS FOR American Express What are the Stars ? DEFENSIVE ENTERPRISING COMPANY SIZE (MKT CAP. Mls $) Very Large 27,322 mls.$ OK The company's Market cap. is above 5000 millions dollars - FINANCIAL CONDITION Current Ratio na The current ratio is under 2 The current ratio is under 1.5 LT Debt/Net Curr. Assets na The LTdebt/current assets ratio is negative The LTdebt/current assets ratio is negative EARNINGS STABILITY Losses / 10 - 5 Years 0 / 0 No losses in the past ten years No losses in the past five years DIVIDENDS Years of Dividends 15 15 years of dividend in the past 15 years Current dividends paid EARNINGS GROWTH Growth 10-5 Years 34% / -58%% Total Earnings growth above 33% for the past 10 years Last year earnings under earnings 5 years ago VALUATION P.E. x P/Book 57.46 P.E. x P/Book is above 22.5 P/Book is above 1.20 P.E. 24.9 NO PE is above 15 - P/Book 2.31 NO P/Book is above 1.5 NO P/Book is above 1.2 American Express - Competitors for Consumer Finance   STOCK QUALITY Conservative Investors MARGIN OF SAFETY Long Term Growth Price / Earnings   Credit Saison - Tokyo Nikkei 225 Consumer Finance MARGIN OF SAFETY : 41.11 % Long Term Growth : 4.78 % Price / Earnings : 12.8 x 1372 / 107.19 = Capital One Fn - U.S.A. SP 500 Consumer Finance MARGIN OF SAFETY : 0.00 % Long Term Growth : 0.00 % Price / Earnings : -11.2 x 22.93 / -2.04 = Discover Fincl - U.S.A. SP 500 Consumer Finance MARGIN OF SAFETY : 0.00 % Long Term Growth : 0.00 % Price / Earnings : -10.0 x 8.59 / -0.86 = SLM - U.S.A. SP 500 Consumer Finance MARGIN OF SAFETY : 0.00 % Long Term Growth : 0.00 % Price / Earnings : 6.9 x 6.51 / 0.94 = American Express - U.S.A. DOW JONES 30 Consumer Finance MARGIN OF SAFETY : -58.40 % Long Term Growth : 0.93 % Price / Earnings : 24.9 x 24.15 / 0.97 =