SYF, ‘Synchrony Financial’ As A Cheap Proxy Stock For Amazon (AMZN).
Not sure why I had NOT thought of this before. Maybe because I was already in AMZN, big time, and had been so for over 2 years.
But, this morning I happened to see SYF on CNBC and it got me thinking.
Why is it a PROXY for AMZN?
Because Amazon Store Credit Cards are issued by Synchrony Financial (via their Bank).
So more people that get Amazon Credit Cards the better it is for SYF.
AMZN at $900 is expensive and it is going up …
Yes, SYF will NOT MATCH AMZN performance.
But, SYF is 30 times CHEAPER.
So just a thought. Worth considering. I am.
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