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$44.71 1.38 (3.18%)
9/5/2008 4:03 PM

Capital One Financial Corp. (COF)

CAPS Rating:
*

A diversified financial services company whose banking and non-banking subsidiaries market a variety of financial products and services.

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4

Avatar CoolinDulan (92.21) Submitted: 3/25/08 5:39 PM : Underperform Start Price: $48.87 COF Score: -4.82

Get out of this stock.

...35% of their debt securitizations are off balance sheet

...US and UK consumers are reaching record balances on their credit card debt with no sign of abating

...Layoffs in the financial and mortgage sectors have not yet occurred en masse

...Large auto loan component with high exposure to low quality buyers

...Sells credit cards to people goofy enough to put pictures of themselves on their cards

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Avatar kmills4968 (< 20) Submitted: 4/11/08 12:52 AM

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COF has already killed off their direct mortgage issue. Rising credit card balances could be a double sword. It could be good, while we normally would call it bad. I believe that the auto loan side will cleanly improve next year while people will still be having housing issues. People still need to get to work.
The pictures are just a marketing ploy or idea to get people to use the card. They are also using fixed interest rates on some accounts. I believe that this company is a good company with good prospects.

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