AXP
American Express Company, together with its subsidiaries, operates as an integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand,...
美国运通拥有一个封闭的支付网络，这是它最大的护城河。它的客户群是高端消费者和企业——这些人在经济衰退时依然消费。Charlie说过，好的生意就是那些即使傻瓜来经营也能赚钱的生意，而美国运通恰好还有优秀的管理层。
American Express – A must-own for long-term investors (Deep Dive)
American Express is a well-positioned business in a steadily growing industry. The company's focus on younger demographics, high-income individuals, premium card offerings, and international expansion should allow it to outpace the industry and deliver solid growth. Management is confident in delivering 10%+ revenue growth and mid-teens EPS growth on a sustainable basis. The stock is currently trading at a discount to its historical average, presenting a compelling investment opportunity. A conservative price target of $367 by the end of 2027 is proposed, with the potential for higher returns if the market assigns a higher multiple.