Credit Card Forum
  1. #11
    fffresh
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    Today it appears every stock, no matter what it is, people are selling. Everyone wants out of the market.

    We may see Dow close in the 7000's today as hard as that is to believe.
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    Reply With Quote Reply With Quote     Oct 10, 08, 10:45 am
  2. #12
    AnthonyBarone
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    The Dow rallied a $1000 today. Ya know they give us a $1000 back after they took $3000 away. We need a heck of a lot more of a recovery than this for me to get my shirt back. Financials are all still way lower than they were a week and a half ago.
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    Reply With Quote Reply With Quote     Oct 13, 08, 5:29 pm
  3. #13
    Mogul of Pineapples
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    I'm surprised their stock hasn't recovered any. I would have thought the news of this antitrust settlement would have helped prop up the stock price.
    Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed. Regardless, anything I say is my honest opinion.

    Current Cards:     American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
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    Reply With Quote Reply With Quote     Oct 18, 08, 2:42 pm
  4. #14
    AnthonyBarone
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    Now the new bandwagon are all these folks saying credit cards are next to go. I'm sick and tired of this fear mongering by the liberal press. They're hurting folks like me that are losing our shirts in the stock market on companies like Discover. No bad news at Discover but they make it sound like every credit card outfit is going to disappear from the face of the earth.
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    Reply With Quote Reply With Quote     Oct 19, 08, 2:30 pm
  5. #15
    AnthonyBarone
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    This thing ain't budgin from $10 no matter what news there is on it. This is starting to piss me off.
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    Reply With Quote Reply With Quote     Oct 27, 08, 8:46 am
  6. #16
    fffresh
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    There was a 20% surge in the price today. I understand that may be relatively minor when compared to your losses but it is still significant. Discover is a solid company with good earnings and assets. Their cardholders also have above average credit and any debt carried on the cards is not owned by them. If I were you I would hold on they are an undervalued company with a bright future.
    Last edited by fffresh; Oct 28, 08 at 10:59 pm.
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    Reply With Quote Reply With Quote     Oct 28, 08, 10:48 pm
  7. #17
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    I don't think the market will move much one way or another until the election is over. Obama may be in the lead with polls but there is still that cloud of uncertainty lingering over us.

    Only a week left.
    Change will not come if we wait for some other person or some other time. We are the ones we've been waiting for. We are the change that we seek.
    -Barack Obama
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    Reply With Quote Reply With Quote     Oct 29, 08, 11:26 pm
  8. #18
    AnthonyBarone
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    It's staying up a notch above it's low but still down there way below what it was.
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    Reply With Quote Reply With Quote     Nov 9, 08, 8:54 pm
  9. #19
    AnthonyBarone
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    My Discover tanked again today closing under 9. It's the damn media doing this drumming up the drama of it all. Company is making good money and chargeoffs inline. We need to put a damn censor on CNBC and tell them to shut their mouths they are only hurting us.
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    Reply With Quote Reply With Quote     Nov 17, 08, 1:51 pm
  10. #20
    Mogul of Pineapples
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    It looks like it's trading at 5 times earnings. Wow that is cheap.

    While many stocks are cheap now what I don't understand is why the street isn't valuing in their antitrust settlement. Discover is a company worth a little over 4 billion and their share of the settlement will end up being at least $1.25 billion. You would think investors would consider that but apparently not.
    Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed. Regardless, anything I say is my honest opinion.

    Current Cards:     American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
    Primary Everyday Card: American Express Blue Cash
    Primary Travel Card: Citi Thank You Premier
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    Reply With Quote Reply With Quote     Nov 17, 08, 5:12 pm
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