#2 business credit card issuer Advanta stock below $1

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Guilty as CHARGED
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Postby Guilty as CHARGED » Thu Jan 22, 2009 1:53 pm

Of course they are!

Unsecured loans for small businesses were SUPPOSED to go up with the bailout and they've all but disappeared off the face of the earth!

Over the next few months count on continuing to see small businesses in your town lay off employees because they can no longer get the financing to run their businesses.

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Mogul of Pineapples
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Postby Mogul of Pineapples » Thu Jan 22, 2009 11:33 pm

That's too bad. Advanta credit cards have their strengths and weaknesses but overall I think they're great, especially when it came to balance transfer offers.

Today their class B shares closed at 87 cents and their A shares at 67 cents. The company's stock has been hovering around $2 dollars for several months now but this takes that low to a whole new level.

Whatever happens I would predict we will find out in the near future. Either they will get bailed out and saved or go under. I don't think they will stay in this in-between stage they're at right now for too longer. Something's got to give.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

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Cucumber
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Postby Cucumber » Fri Jan 23, 2009 3:01 am

Economy is turning around??! YEAH RIGHT! :( I don't know how anyone can think this economy is going to get better anytime soon. It's more bad news after another and then last week over 500,000 jobs were lost alone in a single week. I think some of the banking companies have already hit their low point already but the economy sure hasn't.
OBAMA
Stop talking crap about him!

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Mogul of Pineapples
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Postby Mogul of Pineapples » Sat Jan 24, 2009 3:49 pm

It will get worse before it gets better. Remember though all we have going for us in this country and how lucky we are. We don't have it bad compared to the rest of the world.

Only in America are the poor still fat.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred



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