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AUTHOR
DATE
SUBJECT
9
member
12/01/19 9:16PM
CEO Change
What is the skuttlebutt around the second CEO change in five months (if you ignore the interim CEO we are getting from now until February next year which would make it three CEO changes)?
How much... login to read the rest
Any updated thoughts here? Valueact just reduced stake to 2.7%. New management does appear to be somewhat inept, somehow including two rate increases in their original '19 EPS guidance when rate cuts were clearly predicted by... login to read the rest
I fully agree regarding the SYF synergies but I don’t think ValueAct or you and I would take a 30% premium here paid mostly through SYF stock.
I have been traveling so not in front... login to read the rest
DO EM GO, I agree this was a botched tender, but I wonder if letting the market know how many shares were put up (~3x the offer size) was deliberate? Mgmt. kept $350mn in dry... login to read the rest
I thought the PR telling market how much was tendered beyond the 148 price was awful. They basically told market that 15M are for sale below 162. Not sure why they did that. Seems with... login to read the rest
Hi Rickey, we had a very similar thesis a couple years ago. A few things we got wrong:
1) ROAs are declining significantly at legacy clients. You can see this in "servicing fees, net" (difference between finance... login to read the rest
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