Adding a financial to my portfolio
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.
www.frontlinethoughts.com
"... 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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