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Costco AMEX vs Visa – profitability
Hi Lucky
I remember you covered the switch by Costco from Amex to Visa. I just read an article on Investopedia about Costco’s latest results. Costco believes their results improved due to the lower cost of Visa. The positive change seems quite material as the EPS improved by 4c from 1.73 to 1.77. That is quite a drastic improvement if it’s predominantly due to the switch to Visa
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