Wednesday, August 22, 2012
Discover Financial is making all time highs. The company announced a payment processing deal this morning with Pay-Pal and the stock jumped. There was bullish option activity in Mastercard this morning as well. Discover is making all time highs while Visa and Mastercard are not. Discover trades at 2.3x book value while MA and V trade at 4x and 9x respectively.
No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.