Capital One Financial Corp. (COF)

I have little doubt we are in the beginning of a Depression and the government is trying to buy our way out of it which will only compound the problem.
Anger at banks is growing as their employees remain wealthy as middle class America suffers. They are attempting to reinfalte house prices instead of letter Americans win by finding a natural bottom.
98% banks are essentially insolvent.

-125

I am going to do a Cross Sectional Analysis on five of the largest credit card companies, analyze the risk involved with the industry and determine on a relative basis which stock is undervalued. The companies I am evaluating are Discover Financial, American Express, Visa, Capital One and MasterCard…

Read the report at
http://stocklook.blogspot.com/

Or after Wednesday, October 28
http://stocklook.blogspot.com/2009/10/credit-card-stocks-dfs-axp-v-cof-and-ma.html

This credit card company is over its limit....

CC defaults still continue to rise, reserves will have to increase substantially given foreclosures / bankruptcies have not yet reached their peak. Don't expect anymore positive surprises in the coming few quarters. This one has a big leg down coming very soon.

Can anyone venture a guess how much a credit card company recovers from an unsecured loan from a debtor who is in bankruptcy? Yes, you guessed it, zero, zip, zilch, nada, absolutely nothing. If you want to take risks on bank stocks, find one that actually has a larger majority of its loans that have been securitized by hard assets.

With the market going up their credit card holders were looking a little better financially. With the start of this correction, the old problem of bad debt will become news again. This stock may fall back to its 52 week low.

Behind all the so-called "positive" news lies corporate cost cuts, elevated jobless rates, wage deflation and continued pressure on personal consumption expenditures.

A sham. Book value not even close to reality.

What a horrible joke this is.

Harvestign a score of +9.89 while increasing my cost basis from $30.15 to just over $31.
Credit Card companies are the next domino in the crisis. With so many people losing a job and credit more tight than ever, and with the pending legislation against CC company abuse (which is widespread), there simply is no reason to be optimistic about these companies.

fool

BIG losses are coming related to loans - including the ones they've avoided writing down! They will have to nickel and dime customers more than they already do. Survival of the fittest and this 95 pound milquetoast just doesn't have the muscle to keep itself afloat. Stock is too high at 26.92 and likely will continue to fade. The worst of the layoffs from the early part of the year has not yet hit. What happens when debtors to this bank have unemployment benefits run out? Capital One will pay the cost for some of their more reckless practices during the bubble.

Lets see: unemployment going up, CPI & PPI not showing a sign of recovery, credit cards defaults are going up.Where is the bullish senario in this that i am missing!!!!!!

consumer deleveraging ahead

It might be in your wallet but it sure isn't in my portfolio. Why it's selling at $24.74 is anybody's guess.

Please turn to the left and COF. Owning this stock will soon be as pleasant as having a strange elderly Dr. juggle your balls in their right hand.

The credit card bubble is the next to bust.

I'm pretty sure that only the DEVIL would invest in this company.

The business of loaning money to customers who are up to their eyeballs in debt, can only work as long as employment remains strong and there is a general trend of rising wages. Those key conditions are no longer present and probably won't return for some time, regardless of what the President of any of his economic henchmen say. We are and will continue to be in a period of deflation following the largest debt bubble in human history, and as a result people and businesses will continue to default on existing debt for many years. While lies about the health of the banks balance sheets may drive Capital One up the short term, in a few years I think there is a substantial chance that they will be out of business.

Hard to see much to like about this company at the moment.