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  • Credit Card Crunch: Creating a New Generation of Subprime [View article]
    Interesting detail on FICO but this is old news and not very helpful in stock picking. How bad can the credit card losses get at JPM? What effect on earnings will that have? Will it take the company under? Are they under reserved? At $12 per share, there could be an awful lot of pain baked into that price. Is there a value investment opportunity there even if write offs go to 10-12%? What happens of consumer spending improves in 2-3 years? Or will the company go under?

    How this information affects specific stocks would be more helpful.
    Mar 26 09:50 am |Rating: +4 -11 |Link to Comment
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