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Saturday, 08/16/2014 1:13:37 PM

Saturday, August 16, 2014 1:13:37 PM

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Strong Buying Opportunity: General Electric's Synchrony Financial Quiet Period Expiration
Don Dion Aug. 15, 2014 2:40 PM ET

Click For seekingalpha.com Article




Summary

The 40 day quiet period for SYF will conclude September 8, allowing SYF’s IPO underwriters to publish (likely positive) analyses of the GE consumer financial services spinoff.
This event could lead to positive, above-market returns for SYF in the days surrounding the quiet period expiration—a phenomena tracked in academia and our own research.
Though SYF got off to a rocky start, we remain optimistic on SYF moving forward, given impressive revenues and consumer spending moving in a positive direction.
The upcoming quiet period expiration may help to galvanize potential investors and present a strong buying opportunity.

Synchrony Financial (NYSE:SYF) - Buy Recommendation - PT $23.75

The 40 day quiet period on underwriter reports that began with the July 30 IPO of Synchrony Financial will conclude on September 8, allowing the IPO underwriters to publish analyses of the GE (NYSE:GE) consumer financial services spinoff. SYF share prices will likely rise temporarily with the release of the underwriter analyses.

Early Market Performance: Boost on the Horizon

SYF's IPO priced at the low end of its expected price range at $23 per share on an overcrowded day of IPOs and has seen little change since, closing at its IPO price on August 12. August 13, however, saw a jump to $23.18.



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