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Synchrony Financial: Not Out Of The Woods Yet, But A Clearer Path Forward
October 25, 2017
*The company reported impressive Q3 2017 results and the stock shot up by over 3%.
*The company's asset quality metrics are improving, but the company is not out of the woods yet.
(SYF is a long-term buy at today's price.
*I rarely share my top ideas for free. Members of Going Long With W.G. receive exclusive access to all of my top ideas. Become a member today.
I am on record for trying to convince investors that Synchrony's deteriorating asset quality was a risk, but not a showstopper (i.e., SYF shares were still a long-term buy). Based on the company's most recent results, I believe that Synchrony has a clearer path forward, although it is not out of the woods yet, and this should help propel the stock price higher over the next 12-18 months.