What to Buy and Why: Barron's 2009 Roundtable, Part II [View article]
I actually like Cohen's picks - esp. BAC after its latest itty bitty drop (what's a 30% drop among friends?) ;) The difference between Citi and BAC is that Citi bought premium brands at premium prices - and kept paying premiums above and beyond anyone else simply because "we're the biggest." That works for the NY Yankees over the long run, but it sure doesn't make for the most efficient bank.
BAC bought premium brands at value prices. If you thought Merrill or Countrywide ever had any real value - then you have to believe in BAC now (esp. after yesterday's 30% off sale).
What to Buy and Why: Barron's 2009 Roundtable, Part II [View article]
BAC bought premium brands at value prices. If you thought Merrill or Countrywide ever had any real value - then you have to believe in BAC now (esp. after yesterday's 30% off sale).