Discover's stock price - Credit Card Forum

AnthonyBarone · 07-12-2008, 12:08 PM

Who follows this thing besides me? Had their IPO in '07 at 20 something a share and it's gone downhill since to 14. I think this is a good time to back up the truck and load up on their stock. They could grow big time overseas and once this credit crunch price will go back up.

What are your thoughts on this?

Cucumber · 07-13-2008, 12:11 PM

I think whenever this mess is over the people that bought the bank and credit stocks when they were lowest will have some HUGE gains.

Mogul of Pineapples · 07-13-2008, 10:58 PM

I feel the financial stocks have been oversold. The subprime mortgage industry is causing everyone else that's in the finance industry to be hit hard too.

marketexpert · 07-14-2008, 08:52 PM

Are you aware Mastercard's stock price is over $250 and you would have made over 500% in just 2 years owning it?

Visa Inc. began trading stock a few months ago and is at $70 but has a marketcap double that of Mastercard.

American Express trades at $37 and is down 40% during the last year.

Credit cards will rise in popularity as people have no other way to pay for their gas and other basic needs.

I believe they will offer a handsome reward to patient investors.

-M.E.

fffresh · 10-02-2008, 12:28 PM

Today Discover (symbol: DFS) closed at 12.96. This is a company with positive earnings, a 16% profit margin and at a price/earnings ratio of only 8. Many of these financials that are being dragged down with the rest are starting to look awful cheap.

AnthonyBarone · 10-05-2008, 06:28 PM

Man I'll tell you I threw a few bucks in Discover and the stock price went down to 11 flat on Friday. What the heck is wrong with these people this company is making good money. No need for a sell off it ain't a mortgage company!

joshua72 · 10-06-2008, 12:00 PM

My wife and I have an IRA and the value is almost half of what it was just a few weeks ago. The financial planner had us in a number of companies in the financial sector. With that aspect I've become so depressed we don't even want to look at our account anymore. We don't own Discover but we do have a financial ETF which may include it.

goober · 10-07-2008, 06:59 PM

i hear you on that one! everything is down! retail because no one can afford to spend money and profits are down for every business because of oil.

i we vote for mc[same] this will only get worse! we need new leadership and a new direction in this country!!!!!! not the same old deregulate this, drill that, and the rest will trickle down.........

NEVER GOING TO WORK GIVE US SOMETHING NEW!!!!!!

Mogul of Pineapples · 10-08-2008, 01:58 PM

The Dow has almost dipped into the 8000 mark. These are scary times. I don't feel bad for the CEO and directors who's only pain is less valuable stock options, but the many Americans who have their retirements in the market.

Then there are people like me that have a small amount of money (a lot to me though) in the market that are hurting severely. I had money in very safe, non-risky blue chips and funds and I have seen my portfolio plummet in the last 3 months.

Something needs to be done. This needs to turn around. Not for them, but for us, the everyday Americans.

fffresh · 10-09-2008, 01:00 PM

Another 700 points shed by the Dow this afternoon. Between bankrupt companies and others near it, my portfolio is down over 40% for the year.

Only God can save us now. I truly believe we are witnessing the end of the great American empire right in front of our own eyes.

07-12-2008, 12:08 PM	#1
AnthonyBarone Platinum Member Join Date: Apr 2008 Location: White Plains, NY Posts: 73	Discover's stock price Who follows this thing besides me? Had their IPO in '07 at 20 something a share and it's gone downhill since to 14. I think this is a good time to back up the truck and load up on their stock. They could grow big time overseas and once this credit crunch price will go back up. What are your thoughts on this?

07-13-2008, 10:58 PM	#3
Mogul of Pineapples Centurion Member Join Date: Jun 2008 Location: Where the smog from the 101 freeway coats my home's windows... Posts: 279	I feel the financial stocks have been oversold. The subprime mortgage industry is causing everyone else that's in the finance industry to be hit hard too. __________________ “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.” -Warren Buffett Current Cards: American Express: Blue Cash, Simply Cash Bank of America: Visa Financial Rewards Platinum Plus Chase: Rewards Visa, Amazon Visa Discover: More Current Everyday Card: American Express Blue Cash

10-08-2008, 01:58 PM	#9
Mogul of Pineapples Centurion Member Join Date: Jun 2008 Location: Where the smog from the 101 freeway coats my home's windows... Posts: 279	The Dow has almost dipped into the 8000 mark. These are scary times. I don't feel bad for the CEO and directors who's only pain is less valuable stock options, but the many Americans who have their retirements in the market. Then there are people like me that have a small amount of money (a lot to me though) in the market that are hurting severely. I had money in very safe, non-risky blue chips and funds and I have seen my portfolio plummet in the last 3 months. Something needs to be done. This needs to turn around. Not for them, but for us, the everyday Americans. __________________ “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.” -Warren Buffett Current Cards: American Express: Blue Cash, Simply Cash Bank of America: Visa Financial Rewards Platinum Plus Chase: Rewards Visa, Amazon Visa Discover: More Current Everyday Card: American Express Blue Cash

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07-13-2008, 12:11 PM	#2
Cucumber Centurion Member Join Date: Apr 2008 Location: The beach of Zuma Posts: 146	I think whenever this mess is over the people that bought the bank and credit stocks when they were lowest will have some HUGE gains.

07-14-2008, 08:52 PM	#4
marketexpert Green Member Join Date: Jun 2008 Location: Michigan Posts: 6	Are you aware Mastercard's stock price is over $250 and you would have made over 500% in just 2 years owning it? Visa Inc. began trading stock a few months ago and is at $70 but has a marketcap double that of Mastercard. American Express trades at $37 and is down 40% during the last year. Credit cards will rise in popularity as people have no other way to pay for their gas and other basic needs. I believe they will offer a handsome reward to patient investors. -M.E.

10-02-2008, 12:28 PM	#5
fffresh Centurion Member Join Date: Apr 2008 Location: the edge of the world Posts: 227	Today Discover (symbol: DFS) closed at 12.96. This is a company with positive earnings, a 16% profit margin and at a price/earnings ratio of only 8. Many of these financials that are being dragged down with the rest are starting to look awful cheap.

10-06-2008, 12:00 PM	#7
joshua72 Green Member Join Date: Sep 2008 Location: South Haven Posts: 3	My wife and I have an IRA and the value is almost half of what it was just a few weeks ago. The financial planner had us in a number of companies in the financial sector. With that aspect I've become so depressed we don't even want to look at our account anymore. We don't own Discover but we do have a financial ETF which may include it.

10-07-2008, 06:59 PM	#8
goober Green Member Join Date: Jul 2008 Location: OBX Posts: 23	i hear you on that one! everything is down! retail because no one can afford to spend money and profits are down for every business because of oil. i we vote for mc[same] this will only get worse! we need new leadership and a new direction in this country!!!!!! not the same old deregulate this, drill that, and the rest will trickle down......... NEVER GOING TO WORK GIVE US SOMETHING NEW!!!!!!

10-09-2008, 01:00 PM	#10
fffresh Centurion Member Join Date: Apr 2008 Location: the edge of the world Posts: 227	Another 700 points shed by the Dow this afternoon. Between bankrupt companies and others near it, my portfolio is down over 40% for the year. Only God can save us now. I truly believe we are witnessing the end of the great American empire right in front of our own eyes.