Synchrony Financial Has Risks To Its Story, But There Are Reasons To Stay Long
Summary:
- Synchrony Financial's stock has underperformed the broader market over the last year.
- The company is operating in a challenging business environment, but I believe that the risks are baked into the stock.
- I am long Synchrony Financial and I plan to stay long the stock.
Synchrony Financial's ($SYF) stock is down big over the last year, as SYF shares are now approaching levels not seen since the mid-2014 IPO.
More recently, Synchrony's stock has been under pressure due to the loss of a major customer, Walmart (WMT), but I believe there are reasons to stay long SYF shares, even in today's "challenging" environment.
Read more here.