What do you think of American Express as a long term hold?

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readytoretire answered a question in Financial Services.
2222 points

readytoretire answered one year ago …

I like it as a long term hold. There appears to be some current move against it, so I wouldn't jump in with both feet, maybe ease into it over the next few weeks. Their move to get access to Fed money will tend to scotch their price, just not sure where. In this market, anyone with a high share price is a target for short sellers to raise cash.

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