Forced to buy a banking stock...

Discussion in 'Stocks' started by Ivanovich, Jul 2, 2008.

  1. I'm not, but let's pose the hypothetical situation that you had to pick one banking stock in this chaos that you believed would be a good longer term investment - which one would you go with and why?
  2. BAC - "Bank with pride"
    too patriotic and military designs for checks and cc for market to let this one down :D
  3. HCBK. One of the better looking 5 year charts in banks/financials.
  4. 50_Bip


    The only banks I would own:


    I also like MORN.
  5. Nagelis



    weathered the storm relatively well so far
    steady fee income

    took all writedowns right away w/o dickin around
    best placed for penetrating the chinese mkt
  6. S2007S



    or UYG if you want to put more risk on...

    I would NOT go with any individual stocks, go with the ETFs instead.
  7. ammo


  8. I agree ... UYG for me. I bought Aug 20 calls yesterday (to hedge my overall short positions).
  9. oraclewizard77

    oraclewizard77 Moderator

    CSE is looking good. Strong insider buying. Dividend will probably be cut as they de-reit, but I expect them to be one of the few with cash ready to take advantage of the void of most banks imploding.
  10. #10     Jul 2, 2008