Things will be back on track for AXP within the next six months. This whole credit crisis won't be over yet but it will hit the rich much less (aka people who use AXP). This is a smart company which never seemed too bothered by the whole credit crunch compared to many others. A P/E for AXP of 11 is historically low or histarically low depending on your persective. Expect earnings of .84 per share for sept 08 with revenue of 7.9B. I expect growth numbers of 12-15% a year for the next 5 years. The low dividends are a good thing as their capitol goes into improving their company and not pleasing investors.
$42.25 (07/18/08)
