Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
Best Of DFSBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of DFSBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd


The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Stocks A to Z / Stocks D / Discover Financial Services (DFS)
Unthreaded | Threaded | Whole Thread (1) Prev |
Author: dillbeans   😊 😞
Number: of 2 
Subject: DFS Valuation and Prospects
Date: 08/25/23 11:03 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 1
Discover looks attractive to me--so much so that I recently bought some more. Prior to word coming out about some regulatory trouble, I had decided to build up a decent position in Discover over the next few years. I'm nearing retirement and income stocks have an appeal. Discover had a relatively good dividend, well-covered, and a long history of growth. Plus I've been a satisfied customer for decades.

Then they announced some regulatory troubles and the price tanked. It's lost a quarter of its share price over the past six weeks or so. This leaves it in extreme value territory, with a P/E of 6.2 and yield of 3.1%. I've learned enough to restrain my impulses when things look super cheap. So, having already added, I'll have to content myself with reinvesting dividends for a while.

From the little bit I've seen, the regulatory issues don't look super threatening. But the market seems to disagree. I would welcome others' perspective.
Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to dillbeans here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
Unthreaded | Threaded | Whole Thread (1) Prev |


Announcements
Discover Financial Services FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Best Of DFS | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community