Amex stock down over 13% in two days
Dec 4, 2021, 10:04 pm
#16
Join Date: Dec 2019
Posts: 73
The whole BNPL gold rush seems like a bubble waiting to pop, there is nothing particularly sophisticated or proprietary about the entire concept (as demonstrated by the number of companies that offer it, including AMEX with Plan It), I can't believe Square paid $29 billion to buy AfterPay, they should have just copied the concept like everyone else and used their own brand recognition to sell it to merchants. It's an installment loan for crying out loud, hardly a ground-breaking advancement in financial products!
Dec 5, 2021, 6:28 am
#17
Join Date: Aug 2017
Programs: Hilton Diamond, IHG Spire Ambassador, Global Entry
Posts: 3,014
Completely disingenuous to target one stock in a complete market bear run.
However, I don't completely disagree with the opinion that their future business model is not as exciting. From Apple pay, to venmo, to cryptocurrency, there is so much extra noise in the payment industry. AMEX has built up a fantastic reputation of quality and service. It seems like those waters are being muddied with a coupon book focus. Makes me wonder if a new company started with that exact model, what the adoption would look like.
However, I don't completely disagree with the opinion that their future business model is not as exciting. From Apple pay, to venmo, to cryptocurrency, there is so much extra noise in the payment industry. AMEX has built up a fantastic reputation of quality and service. It seems like those waters are being muddied with a coupon book focus. Makes me wonder if a new company started with that exact model, what the adoption would look like.
Dec 8, 2021, 6:20 pm
#18
A FlyerTalk Posting Legend
Join Date: Feb 2001
Location: Berkeley, CA USA
Programs: Piggly Wiggly "Shop the Pig!" Preferred Shopper
Posts: 57,217
Dec 11, 2021, 8:06 am
#20
Join Date: Aug 2012
Posts: 6,752
Most of the time, 1 - 3 day stock price volatility isn't very meaningful, unless accompanied by some kind of significant announcement; and, generally, the only one I'd really be concerned about is "accounting irregularities" disclosures potentially resulting in restating of prior earnings.
Dec 11, 2021, 10:48 am
#21
Join Date: Sep 2008
Location: AUS
Programs: BAEC Gold, AA PPro, Hyatt Globalist, Amex Plat
Posts: 7,103
