American Express (NYSE: AXP ) is known for its exclusivity and relationships with wealthy consumers, but the company's stock could also be an outstanding long-term holding.
Despite being up over 20% so far in 2013, the investment thesis around American Express should be a multi-year time horizon that takes advantage in the inevitable shift from a cash-heavy global economy to one based on electronic payments.
In this video, Motley Fool financial analysts David Hanson and Matt Koppenheffer discuss three reasons American Express is well-positioned and a possibly better than Visa (NYSE: V ) or MasterCard (NYSE: MA ) as way to play the growth in plastic.
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