Capital One Financial Corp
I added to my position in Capital One Financial Corp (COF) position today at $72.08. Capital One is now our 7th largest position at this time.
Much of what I said in my previous Capital One analysis still stands. The current price/book is .59 and dividend yield of 2.17%.
I still believe that while they will have some losses due to non-payment from customers due to COVID-19, I think the selling well over-done as more people buying online should help make up for some of the losses as they get a percentage of all the merchant fees charged. Meaning when you buy something using a Capital One credit card they still make money even if you pay off your balance every month.
The fact that Capital One is priced at 59% of book value seems very low since they have a great record of managing risk as they did fine during the financial crisis of 2007–2008.
Added small amounts to existing positions today in Capital One Financial Corp (COF) at 67.09 and Verizon Communications Inc (VZ) at 56.7345.
Verizon and Capital One are 5th and 7th largest positions respectively.
Here is my previous analysis/trades for all positions: