Lower late payments for last year
Higher domestic profits
Higher revenues
Low PE ratio
Growth into 2008
Sounds great!!!!! But it is a finacial. If it wasn't for England this stock would be flying right now. But the problem with the British has been corner andis being dealt with.
As God awful leverage the American are the British are far worse with the totally bloated home values. Our came down and we dealt with the problem to minimize the fall out. Sure if your a bank that loaned out money at 6% in piles of 500,000 against an asset that depreciated you got screw. But if you are DFS and loaned money out at 12% in piles of 5,000 the 3% problem losers of our country are not a death blow. DFS's profit growth proves this!!!