Author Topic: ADS - Alliance Data Systems  (Read 52142 times)

Foreign Tuffett

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Re: ADS - Alliance Data Systems
« Reply #300 on: May 15, 2019, 06:59:31 PM »


undervalued

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Re: ADS - Alliance Data Systems
« Reply #301 on: May 15, 2019, 09:11:31 PM »
Glenn Greenberg also sold some of his holdings.
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it. - Will Rogers

mwtorock

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Re: ADS - Alliance Data Systems
« Reply #302 on: May 16, 2019, 12:02:25 PM »
Glenn Greenberg also sold some of his holdings.

kudos to them if they sold before the deal announcement. that was a disappointment.

abitofvalue

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Re: ADS - Alliance Data Systems
« Reply #303 on: May 16, 2019, 06:15:27 PM »


Definitely looking more and more likely that this is the end game.....either way I haven't seen many opportunities (except for extreme market dislocations) to buy rapidly growing businesses with 30% returns on incremental capital selling at this multiple.  By the way does anyone think that there is a company that could more profitably deploy the card business assets within their business model? Is there another company that anyone can think of where synergies are significant and where it makes sense to transfer ownership?  Thx

Discover..   couple of yrs back dfs said only way they would get into private label is of they could buy something big.  Dfs partnership with SYF may be an issue . But maybe not.   Guess arguably syf could also buy it and create a Pvt label powerhouse.  Don't see any large being interested or getting approval.. well maybe Citi but unlikely

Other option would be a China union pay / Amazon Pay type that wanted to expand acceptance into stores rapidly... But that likely has more issues that I am forgetting as I spitball.

Private equity could be an interesting owner though maybe too cyclical. Valuation would need to fall more before they got interested imo. 

« Last Edit: May 17, 2019, 11:12:39 AM by abitofvalue »