Thread regarding Ally Financial (ALLY)

I’m holding, but not exactly sleeping well

Down another 6% over the past month. Great. Meanwhile they’re throwing $2 billion at stock buybacks, money that could’ve gone elsewhere. Insiders bought more, which is nice, but it’s hard to get excited when the stock keeps sliding. Earnings beat was solid, but at what point do buybacks stop propping things up and start feeling like a distraction?

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