Just got news that Capital One is going to acquire Discover in a $35.3 billion stock deal…is it a good time to buy capital one stock??
Not happening.. this would be a big big fuck up for every financial moron maxing out credit cards out there
You don’t think the acquisition will go through?
You are !smart. You would buy discover stock not Cap one stock. And even for that, you are already late. Check pre-market, discover stock would’ve already shot up and Cap one stock would be down
And to prove my point
Nah extremely risk adverse company to the point where it kills productivity. Internally engineering is incentivized to play politics/influence rather than actually reward builders. Product management is very top down rather than new ideas growing from the ground level. Is it a safe stock, probably yes. Will you make a ton of money like Meta, NVIDIA, etc., hell no.
Why would you buy capital one and not discover? Pretty sure you dont know how mergers work
It’s an acquisition. Not a merger
Too late.
How? The deal was literally made public like a day ago