Discover Financial Services (NYSE:DFS) doesn’t get no respect. That’s the message from Burr Capital LLC’s Rahul Ray, who discussed the company in the hedge fund’s recent second-quarter letter to investors.
Mr. Ray cited Discover Financial as being one of the fund’s few underperforming stocks during the second-quarter, calling it “the Rodney Dangerfield of the credit card industry.” As he pointed out, Discover Financial Services has nearly the same level of merchant acceptance in...
