The Rule Maker purchased an additional 16 shares of financial services company American Express (NYSE: AXP) on September 17 at $30 per share. As we have said before, we think the company will grow more profitable as it increases the number of customers who carry its charge and credit cards, and as it cross-sells financial advisory services to a growing card base. The credit card business is consolidating, only a few companies have the skills to make money in it, and Amex is the only top-tier player with a premium brand. Rule Maker co-manager Mike Trigg recently wrote about the company in, "American Express' Albatross".
ACTION # STOCK PRICE COMS'N COST Bought 16 AXP $30 0 $480