roger maxims

Three Financial Stocks Worth Holding

I love this article. The author says Wells Fargo has "excellent management" and JPMorgan has "solid management", which presumably made the wise decision of concentrating most of their risks in the US housing market. And then the markets failed them.

Also, I applaud the fact that "the BOA name has significant goodwill". It very much explains the $16.24 portion of its current quote of $16.25, the remaining penny being the cost of the share certificate some may soon want as a momento.

The only case where shares of a company plummeted and now represents a bargain is when the steep fall was caused by margin calls on its shareholders, not the company itself.