The Motley Fool Discussion Boards

Previous Page

Investment Analysis Clubs / Dividend Growth Investing

URL:  http://boards.fool.com/my-only-concern-is-how-do-with-know-the-author-is-26171141.aspx

Subject:  Re: Bank Stocks Date:  12/7/2007  3:29 PM
Author:  horacekgl Number:  3914 of 8880

My only concern is how do with know the author is right about their mortgage exposure. It's not always easy to find out what the bank has.

And the article doesn't help much, even lending credence to some well known disinformation. Two banks it mentions, Washington Mutual and Wells Fargo are the least likely to be bad investments. Washington Mutual is one of the best managed banks around and at the current price possibly represents a 100% stock gain over the next 3 years. Warren Buffett is loading up on Wells Fargo as present. Last I heard, he was no dummy and knew a thing or two about calculating risk.

Proceed with caution, but the current hysteria is overdone. Wise buying will be repaid many-fold.

glh
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us