Quite an interesting battleground in Credit One this week. Peter Eavis posted a couple of highly negative articles in REalMoney, bsically saying the company's exec's used accounting tricks to bump the earnings so they could cash in lucrative options. Tom Brown, a former top bank analyst and now hedge fund manager, is COF's number one fan and eviscerated Eavis in a stinging reply on his site, www.bankstocks.com. I thought Brown made some good points, and he has been right and Eavis dead wrong about this stock in the recent past. This time the market seems to be going with Eavis, as the stock has sold off considerably since its report. If Brown is right again, this selloff could be a nice entry point. An expanding economy with stronger employment and a docile Fed should be ideal for this company. A rising rate environment would clearly pose headwinds for the company however.