may be worth owning C @this price

Discussion in 'Stocks' started by Bitstream, Aug 2, 2007.

  1. may go lower still but already here it's very attractive buy. pays a decent dividend and as a bank it's safe play with not much more downside risk from here on...was long for months and got out @52 or so, now looking to get in again.

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  2. Daal


    thats right. its as cheap and if you plot a chart of the earnings grow over the decades, its just beatiful. the huge dividend is also great. I might very well buy it
  3. it's a bargain imo, close to 2rs low and pays 2.16 yearly div.

    still in uptrend from '05.
  4. Stok


    BAC is better.
  5. Daal


    what I want to know if the commodity bull is here to stay what will happen to bank and financial stocks. does anyone have data from the 70's on this
  6. Daal


    bac,jpm and wachovia got hammered back then
  7. Opra


    Or buy/write with aug47.5call at 1.10 bid (that's very rich prem for C). or sell aug45put at .50 to own it at a lower price if put.

  8. writing puts is best imo, but higher strike and still while owning; div is due this current month.
  9. Opra


    agree, depending on each's preference and acct circumstance.