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Sydnee Gatewood
Sydnee Gatewood
Articles (2193) 

Jerome Dodson Comments on Alliance Data Systems

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April 28, 2020 | About:
Private-label credit card issuer Alliance Data (NYSE:ADS) cut 263 basis points from the Fund’s return, as the stock fell 69.8% from $112.20 to $33.65. Alliance’s retail partners have been hit hard by the sharp drop in retailing, because of the coronavirus, so the company’s revenue for operating retailers’ credit card programs will drop substantially. Meanwhile, the recent jump in unemployment could lead to rising credit losses. We’ve decided to hold onto the stock, because we believe the company has the capital to withstand the economic turbulence, and we expect the company should emerge stronger when the economy recovers, because of steps taken by new CEO Ralph Andretta.

From Jerome Dodson (Trades, Portfolio)'s Parnassus Endeavor Fund (Trades, Portfolio) first-quarter 2020 shareholder commentary.

About the author:

Sydnee Gatewood
I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech University. I have lived in Texas most of my life, but also have roots in New Mexico and Colorado. Follow me on Twitter! @gurusydneerg

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Comments

Praveen Chawla
Praveen Chawla premium member - 2 months ago

Data on Gurufocus shows that dodson has sold out. Yet he is making positive comments.

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