hughb
Registered: Feb 2007
Posts: 1161 |
11-04-09 08:20 PM
I've had C up on my screen all week. I've already made up my mind to buy, but I'm not too sure about when. If the market turns down over the next few weeks, C and other banks will be leading the way. So do I want to ride that drawdown? No, but I rode a drawdown on PEP last year and I've come out ok in that one. C ain't going away, regardless of what Dick Bove says. Even if it has lost the status of "too big to fail", it isn't going to fail. One of these days they are going to reinstate the dividend. When the rumors about it start circulating you can be sure income funds will be buying hand over fist.
|
