Fool.com: The Rule Maker Portfolio, Rule Maker Buys More AXP
Rule Maker Buys More AXP
On July 6, 2001
The Rule Maker purchased an additional 13 shares of financial services company American Express at $38.84 for a total of $504.92. We believe 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.
ACTION # STOCK PRICE COMS'N COST
Buy 13 American Express $38.84 0 $504.92