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Ed Groshans Quotes
You're starting to see a little bit of a relief rally.
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Ed Groshans
You had good growth in the cards in force, you had good average spend on the cards, and the discount rate held in there steady. And they're still investing in their marketing programs. They still think there are attractive opportunities out there.
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Ed Groshans
With that premium and given their size, its not clear that there would be a plethora of demand to buy something that large.
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Ed Groshans
This is a company that hasn't done many big acquisitions before, so there's some risk of the costs of integrating being higher than expected.
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Ed Groshans
The timing could not be worse, as is the fact that no successor is named and the search is just getting under way.
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Ed Groshans
That's making the 60 cents (a share earnings) look a lot softer. We're not too concerned about it. But if you want to call this a hit, it's not the best hit we've ever seen.
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Ed Groshans
That could be bad news for American Express.
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Ed Groshans
It's those incremental time savings that these merchants are looking for. They may lose sales if the lines are too long.
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Ed Groshans
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