I agree on Citcorp (C) and bought starter position as well. if it weren't for the regulartory issues, C should be much higher
Here is a link to an article about moat stocks:
biz.yahoo.com
Morningstar.com
Now on Sale: Stocks Worth Owning
Wednesday October 13, 7:00 am ET
By Pat Dorsey, CFA
Suppose that you needed to buy a car for one specific purpose--commuting to work so you could earn a living. Now, suppose I offered to sell you a stylish 30-year-old used sportscar for $15,000, or a dull, barely used Toyota for $12,000. You'd probably take the Toyota, right? It costs less, it's more reliable, and all you need to do is get to work each day. Drag-racing your neighbors isn't in the game plan.
Oddly, most investors are making the opposite choice right now by paying more for lower-quality companies than they are for higher-quality companies. The same thing is happening with regard to risk: Lower-risk companies are, in general, cheaper than higher-risk companies. |
