Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Fellow shorting Fools:

What am I missing when I look at Wells Fargo Bank and see a PE of almost 30 again? I know Berkshire Hathaway supposedly still owns about 6 million shares and since I live in California I know they are a strong player on the West Coast and are aggressively following cost saving strategies such as online banking and supermarket "branches". But a PE of 30 times for any bank gives me a nose bleed!

Can any of you share a cautionary tale about why I should NOT short WFB? Conversely, further evidence to corroborate my inclination to do so is also welcome.

Thanks in advance,
kschof
Print the post Back To Top
No. of Recommendations: 0

i think one of the fools had a position shorting wfb ~3-4 mos ago . . .
Print the post Back To Top
Advertisement