Tag Archives: Store Credit Card

SYF, ‘Synchrony Financial’ As A Cheap Proxy Stock For Amazon (AMZN).

by Anura Guruge

Click to ENLARGE and view here. From ‘MarketWatch’ at marketwatch.com (SYF)

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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by Anura Guruge

I Bought A Nikon P900, From BestBuy, Just Now — But I Am Not Thrilled!

by Anura Guruge


Click to ENLARGE.

I am FAR FROM happy. Actually I am bummed. This is NOT what I wanted to do, this is not how I wanted this to go!

The problem, basically, is that Amazon, for reasons that defeat me, do NOT have any! That explains 2 things. They were, until today, advertising the Nikon P900, $70 less than everybody else and YESTERDAY included a cryptic message that the order might take ‘a few additional days to ship’.

So that was my dilemma. I did NOT want the P900 till Thursday, i.e., September 1, 2016. I wanted a fews days decompression from having a camera. So my plan was to order it, from Amazon, on Monday. Then after I saw the “few additional days” I decided I better order it today. I go to order it and there are NO UNITS being sold/shipped by Amazon. Amazon is shipping an unit sold by somebody else; e.g., Adorama. I do NOT want a unit sold by Adorama.

At least with BestBuy I could get in-store pickup locally. That way I can check the box there. Hence the rationale.

Luckily, I was NOT planning to buy this using my Amazon Credit Card — though I have enough credit there, right now, to buy 23 of these cameras. Yep, Amazon will sell me 23 of these to me on my credit card balance.

I was going to buy in on Discover — and I did. Why? Price Match. I have a hunch that the P900 price will drop in the next 90 days. Discover says they will match that. Don’t know. Never used it. Did TRY ‘price rewind’ with Citi BUT like all Citi card benefits it was a SCAM.

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by Anura Guruge