Bread Financial Holdings Inc (NYSE:BFH)
$ 41.5 0 (0%) Market Cap: 2.06 Bil Enterprise Value: 7.10 Bil PE Ratio: 5.21 PB Ratio: 0.68 GF Score: 74/100

Alliance Data Systems Corp at Goldman Sachs U.S. Financial Services Conference Transcript

Dec 11, 2019 / 02:20PM GMT
Release Date Price: $84.14 (+1.49%)
Ryan Matthew Nash
Goldman Sachs Group Inc., Research Division - MD

We're just waiting for one person. He's here now. So we're going to get started. Once again, we are happy to have Alliance Data Systems joining us. It's been a busy year for ADS as it's continued its transformation towards becoming a card-centric company. As it's exited its Epsilon business, it's been through several management changes. However, at its core, ADS continues to be a provider, a leading provider of private-label credit cards to retailers with an incredibly high return on equity.

Here to tell us about their plans is Chief Financial Officer, Tim King. Today's presentation is going to be fireside chat.

Questions & Answers

Ryan Matthew Nash
Goldman Sachs Group Inc., Research Division - MD

So I'm going to start off, Tim, the company has undergone a significant amount of change over the past 18 months, including the sale of Epsilon, the pruning of several underperforming partnerships, and of course, we've now had 2 CEO changes. Can you just give us an update as to

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