TREVNI Posted March 16, 2020 Share Posted March 16, 2020 No new insights on this company ? Looks interesting... It's gotten hammered today. Trading at $11bn market cap. They've been buying back $3bn of stock a year. Obviously heavily tied to the consumer. At these prices it seems armageddon is priced in already. Link to comment Share on other sites More sharing options...
Xaston Posted March 18, 2020 Share Posted March 18, 2020 Down to 9B. I'm nibbling down here. Link to comment Share on other sites More sharing options...
TREVNI Posted March 19, 2020 Share Posted March 19, 2020 Anyone out there care to put forward a bear case on this? Another 5.6 points of charge offs would wipe out net income. With its capital levels, even a 10% hit to the portfolio could be borne without major disruption. The consumer is clearly going to be negatively impacted, but much of that appears priced in already. What am I missing? Link to comment Share on other sites More sharing options...
Xaston Posted March 19, 2020 Share Posted March 19, 2020 I think maybe the market is worried about some of the retailers they have cards with going under? Link to comment Share on other sites More sharing options...
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