Ed Groshans
Ed Groshans
attractive average cards discount force good growth held investing marketing rate spend
You had good growth in the cards in force, you had good average spend on the cards, and the discount rate held in there steady. And they're still investing in their marketing programs. They still think there are attractive opportunities out there.
fact named search successor timing
The timing could not be worse, as is the fact that no successor is named and the search is just getting under way.
bottom focused growing line protecting rather
MasterCard's going to become more competitive and focused on growing its bottom line rather than protecting the association,
buy clear demand given premium
With that premium and given their size, its not clear that there would be a plethora of demand to buy something that large.
lines looking lose sales savings time
It's those incremental time savings that these merchants are looking for. They may lose sales if the lines are too long.
great hard quarter stock
It was a great quarter and the stock rallied hard on that,
best call cents concerned hit share
That's making the 60 cents (a share earnings) look a lot softer. We're not too concerned about it. But if you want to call this a hit, it's not the best hit we've ever seen.
comment concerns
He made the comment that there's nothing new. That alleviates a lot of the concerns in this stock.
bad news
That could be bad news for American Express.
bank capital florida hear high hot late likelihood markets surprised ten
In the end, there's a high likelihood that in ten years, Capital One will look more like a thrift. I'd be surprised if I don't hear them make another bank acquisition by late 2006 in hot markets such as Florida or Texas.
company costs higher risk
This is a company that hasn't done many big acquisitions before, so there's some risk of the costs of integrating being higher than expected.
bit relief starting
You're starting to see a little bit of a relief rally.