Trade Alert: SYF

By Scott Chan • October 6, 2017

Buy Synchrony Financial (NYSE: SYF)

Today we are following the lead of two “oracles.” Both the Oracle of Omaha Warren Buffett and the Oracle of Boston Seth Klarman have bet big on Synchrony Financial (NYSE: SYF). Buffett’s Berkshire Hathaway (NYSE: BRK.B) owns 17.5 million shares Klarman’s Baupost Group owns 29.3 million. Berkshire’s stake is new while Baupost increased its position in SYF by 65 percent.

We will have more information in the upcoming Weekly Issue.

Stock Talk

Comments

Comments Guidelines

Add New Comments

You must be logged in to post to Stock Talk OR create an account

About The Author

Scott Chan

Bio | Archive

Scott Chan moved from China to the U.S. with family at the age of ten. He passed the rigorous entrance exam and attended the merit-based Stuyvesant High School, widely held to be best public school in New York City. He earned undergraduate degrees from New York University followed by an MBA degree from the Zicklin School of Business at Baruch College.

Shortly thereafter Scott partnered with Dr. Stephen Leeb on numerous financial publications. Today, he serves as the lead analyst for Real World Investing and The Complete Investor.

Mr. Chan is an avid baseball fan and enjoys outdoor activities in his spare time. A multicultural person, he reads Chinese and speaks fluent Mandarin and Cantonese Chinese.