Subject: Very OT: Break
A stock mentioned here a few times, Bread Financial Holdings BFH, currently at $39.40
Mainly a private label credit card issuer and loyalty program firm, though you wouldn't be able to tell that from the word salad they use as a corporate profile.
They keep making a money. Admittedly less than before, partly because of a stillborn spinoff.
But even with profits the price just kept tanking and tanking, so my old fashioned notions that it might actually be worth something did my portfolio no good at all : )
The reason I mention them:
It seems possible that their out-of-fashion cycle ended with some sort of capitulation around May 4.
The cutlery has bounced.
Since then:
RSP (average S&P 500 company) up 9.7%
SPY up 12.1%
BFH up 67.6%
The estimates of 2023 earnings are running around $9.50 to $11.80, so the P/E is all the way up to the range 3.3 to 4.1
Next year is anticipated to be flattish to a hair down, so it isn't a short term earnings growth story--their business is cyclical.
Still, if you want something still way out of fashion, dirt cheap, but on a momentum tear, this is your baby!
But beware advice from someone who needs the price to rise something like another 75% from here before breaking even on this one : )
Jim