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I read Mulcray's comments as "not only but also" ... i.e. " not...

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    I read Mulcray's comments as "not only but also" ... i.e. " not only sales growth but also implementing the efficiencies and positioning ourselves for the future."

    Different view: AXP wont range trade; it will either be well less than 7 or well more than 10.
 
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