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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (21784)7/27/2005 10:47:04 AM
From: Carl Worth  Respond to of 78666
 
LONDON (MarketWatch) -- Merrill Lynch downgraded both Citigroup and Bank of America to neutral. Merrill said Citi offers value but few positive catalysts, and pointed out it remains dependent on private equity gains and some yield curve steepening, which could fail to materialize. For Bank of America, Merrill says the bank is susceptible to a flatter yield curve, its earnings quality has not improved, Merrill sees below consensus earnings per share in 2005 and 2006, Bank of America's acquisition of MBNA adds risk and the bank has significantly cut its share buyback program.



To: Wallace Rivers who wrote (21784)7/28/2005 8:37:36 PM
From: Spekulatius  Read Replies (2) | Respond to of 78666
 
re C - I could not care less about ML downgrade. Apparently they do not have much negative to say about C. As long as C makes a "honest" 4$/share earnings, pays increasing dividends, what is not to like? C is currently priced like a stock with 0% growth and all that because of a bad quarter. This is textbook value investing. I plan on buying some more to a full position.


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