I want to add a financial stock to my portfolio. I am thinking C, BAC, or BSC. All three have gotten pretty badly beaten up and can only go up from here. What do you all think?
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I've started taking a little position in C. There's a new CEO and no big news lately. I imagine he'll be agressive in writing down the remaining garbage on the balance sheet and will likely have to reveal a restructuring plan (maybe dramatic) which may be a nice catalyst. Also, the stock is yielding 4.8% right now. I wouldn't buy your entire allocation all at once though.
SFI
I like MER, but that's only because I have a hard-on for Thain. God, that is such a good-looking man!
the worst hasn't come yet. stay away from financials at this moment.
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"... and can only go up from here."
no, they can go to zero. never forget this.
will they, probably not, but things can change very quickly.
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