All of us have seen their credit card TV ads.
Capital One Financial Corp. (COF)
I'm not going to pretend I can parse that information. I just want to point out two things:
1) What it lost today
2) Its 52-week low
If it got that low in the past 52 weeks, why couldn't it get there again? Especially with this fast-deteriorating situation.
And there is this hanging over it now too: Form 8-K for CAPITAL ONE FINANCIAL CORP, in which they planned to offer 14 million shares at $49/share. Their current stock price is below that. Oops.
Previously here:
Chronicles Of Depression 2.0: #273: Your Card
Chronicles Of Depression 2.0: #247: Plastic
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