American Express (NYSE:AXP) is about to report. Is that why my AMEX billed presented today Hmm. in any event consider this “Bear Case Scenario” Visa and MasterCard constantly plot to take over this highly values premium space. At the same time there is an increasing emphasis by AMEX on low-end offerings which may hurt the prestige brand factor.
George Gutowski writes from a Caveat Emptor Perspective.