Synchrony Financial: Don't Fear Tighter Credit Standards

When I covered Synchrony Financial (NYSE: SYF ) last quarter, I noted the stock was not too expensive despite trading at what were then all-time highs. This turned out toI retired early after 22 years in the energy industry with roles in engineering, planning, and financial analysis. I have managed my own portfolio since 1998 and have met my goal to match the S+P 500 return over the long term with lower volatility and higher income. I mostly write on positions I already hold or am considering changing. I pr ...