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To those of you who remember this ticker from the old Fool boards you may recall that this is another potential value acorn that Jim uncovered.

BFH is a private label credit card isuer that acquired a BNPL business a few years ago in an effort to stay relevant to milennials and gen z

The 1 year (down 30%) and 5 year (down 80%) charts are terrible.

Some metrics
PE 3 (gapp and non gaap); P/B .5; ROE 19%; NIM 18%. Yield 3%

The latest investor presentation issued in May at the time of the last earnings announcement might lead a fella to believe that the business is doing just fine and moving in the right direction: https://s28.q4cdn.com/645453783/files/doc_presenta...

Based on past performance I assume that this is the proverbial value trap, but would love to be convinced otherwise.

Jim, or anyone else?

rivervalley

PS - Have appreciated the discussion of DG both here and on the Falling Knives board. Have built up a 1.5% position over the last few days....

Thanks again to Manlobbi for creating this forum...

It's a company with a few problems, to be sure.
But it still seems to make money, and I am usually of the opinion that there is a price for everything.
In particular, everything with apparent future profits and no obvious reason to foresee failure will eventually trade at some sane value at least occasionally.
So the value investing axiom asserts, anyway.

Of course, Mr Market disagrees with that, it seems.
I haven't sold my position, though of course with hindsight that would have been the good move almost any time in the last couple of years!

Jim

i have started a position in this one

Good timing!

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