Buy The Drop On Discover Financial Services

Summary

  • Discover Financial Services has demonstrated a solid track record of growth, and is seeing a record low net charge-off rate.
  • It pays a very well-covered and growing dividend, and share buybacks contribute to the total return story.
  • The recent material drop in share price presents a buying opportunity.
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Most people know that patience is a virtue, and this is especially true when it comes to value investing. Every now and then, the market will throw a temper tantrum, creating a vacuum in the stock of an otherwise healthy company.

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

This article is for informational purposes and does not constitute as financial advice. Readers are encouraged and expected to perform due diligence and draw their own conclusions prior to making any investment decisions.

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