ozcutty

Capital One Defies Even Constanza Logic

The big problem with COF is that they don't own the network like axp and dfs, they they don't get all that fee income to help offset loan loses. DFS and AXP are better bets. DFS having the more growth potential long term.

Discover Financial: An Average Company at a Great Price?

HJ, thanks for your analysis. Been long dfs for some time. People don't realise that the charge-off are masking very good growth in transaction processing, for instance network volume has doubled since 2004, people don't seem to realise this. They also have plenty of cash once charge offs stabalise and could return some of that to shareholders. The other potential is as an aquisition target. In July, its 2 years since the spin-off

Trio of Death in Consumer Credit Cards Marches On

My comments only related to dfs and axp, i wouldn't touch most other financials with a barge pole. You've got to look closely at the individual company level. Only other financial i have is MCO.

Late Payments on Credit Cards Reach Record Levels

still long dfs, mainly becasue litigation settlement will carry them through the next 12 months. After that if the economy hasn't at least botomed, i will start getting worried. Very cheap at 3xearning too