This chart from today's Early Look by Drago Malesevic shows Discover (DFS) credit card delinquencies rising to 12-year highs despite an ultra-supportive labor backdrop.
Discover, a Hedgeye Financials "Best Idea" Short, reported its fourth quarter numbers yesterday after the close: EPS came in at an abysmal $1.54, down -60% Y/Y and hugely underperforming expectations.
