Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Thanks Jim and David

I will sell.

I have always been this as a poorly run bank and capital gains was my only play with this but rest of the market way outperformed this one on cap gains.It is a small percentage of my portfolio as a good cash substitute. Now they buybacks have stopped, the original thesis is no more.

Better banking dividend payers - WFC, TD. Less yield but much better businesses.

I will also take a position in ABBV and Gild. Safe and solid dividends with decent valuation.


Anurag
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.