Maybe BAC at current price (12-mo low)? It's going to be a gov't guaranteed survivor, if I understand correctly. At what BAC stock price that could arrive at, I do not know. I've no confidence the dividend is secure either.
Still, for a small bet that the US might actually get out of this current mess, a BAC stock buyer gets a 6% yield while waiting for various BAC businesses to improve (banking, Merrill Lynch, Countrywide)
si.advfn.com
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Scary how many large well-known companies may go under. General Growth --- geez, management really must have really overextended the company. GM ---- on the coast where I am (German/Asian cars dominate), GM looked like a gonner ten years ago. What happened to GNW where I presumed managers from the GE mold were asute? Looks like they grasped too much for revenue & maybe short-term profits by mispricing fixed annuity commitments. I have [t]GNW[/t] (<span style='font-size:11px'>LAST</span>: 1.24<span style='font-size:11px'> 11/11/2008 4:56:52 PM</span>) shares bought July last year at $25-30 range. ALD with something like 25 years of good history now seemingly in collapse. ACAS another.
What's making me nervous is how many of these big companies - not just a few - might actually not come back... they are going over the brink. Or so it seems. As for example when I read an analyst say problems are sector related, i.e. GNW isn't going to get gov't help and if PRU, HTG don't, they could be in serious trouble too. |
