Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mattyice who wrote (39614)	10/12/2010 12:18:14 AM
From: Spekulatius	Read Replies (2) of 78629

re BAC - I owned a few shares too recently but then decided to get rid of them in favor of some WFC. The reason: If I put 1/2 my BAC allocation into WFC and the other half into GS, i own the same business mix (investment banking and gambling (a. K proprietary trading) + banking) at the same PE and with better focus and much stronger management. Instead of middle of the road (BofA) or even bottom of the barrel business ( Merrill Lynch) I could own best in class in either sector. Granted BAC trades for 1.1x tangible book while GS goes for 1.2X and WFC for 1.5x, but if I have the choice to go for low price/tangible book or better franchise value and management I'd always go for the latter

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next