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Strategies & Market Trends : Value Investing
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To: Bill Wexler who wrote (28346)10/1/2007 6:42:22 PM
From: Wallace Rivers  Read Replies (1) of 78743
 
If one believes CFC will be a big winner, a more conservative way to play that upturn is to buy BAC, which negotiated a huge convertible deal a month or so back with CFC. Conversion price of $17, plus it has a yield of 7.5%, if memory serves.

Obviously you won't get the same bang as straight equity in CFC, but you eliminate a lot of risk, and pick up a high quality bank itself yielding about 5%.

Disclaimer: I own BAC.
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