Clown-Free Zone... sorry, no clowns allowed Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: maceng2 who wrote (83689)	3/21/2001 6:52:08 PM
From: patron_anejo_por_favor	Read Replies (3) of 436258

<<I have a Capital One visa card, I amazed at the charges they have and the lax limits on credit. Who owns them? They are worth some poots for sure.>> Indeed they are! They are an entire company of credit card scamsters, ticker COF. Unfortunately, I let some poots on 'em go today. Disclosure: I am still short shares of COF <<Don't these D/F's realize that the most likely people to use them are the most likely people not to able to pay the outrageous costs???>> COF went public around 1996 or so and has never survived a recessionary lending environment. Jim Grant did a nice piece on 'em back in November or so. They depend on increasing their balance sheet at a prodigious rate (ie, by signing up new and progressively less debtworthy cardholders) to keep earnings going. IMO, they are gonna experience RealMan style tough-love in their delinquencies and nonperforming assets later this year...they are the single most vulnerable (and priciest) credit card company out there, with Providian not too far behind.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next