Terrapin, I give my opinion; others can weigh in with theirs.
CIT would be okay to buy at its now low price if we weren't in the unusual situation where investors may rightly assume the business models for almost all financial companies are at great risk. Who can buy CIT with confidence now, unless they know the inner workings or the company - it's financial responsibilities, risks, commitments, customer base, etc. I've bought the company when it was beat down before - but that was when their business itself took a hit -- not like now when the financial world seems to be collapsing. For me, I'd avoid the stock, seek opportunities elsewhere.
DSWL a buy. Worth, imo, at least stated book value as an on-going concern (stock at about .5 bv now). I own stock, my last buys in Aug. @ $4.88. (Yet another losing position for me. Sigh.) |
