Guys did you see BAC trading below $40/share ?
Forget about the credit crunch and US recession, watch out it's starting to become a serious value play at 6.4% dividend yield as I predicted in my post on Dec 17th. No analyst has said anything to suggest a divident cut anytime soon. The Gordon-Shapiro basic DDM tells me this stock is worth over $54.
The company has a dominant position in U.S. retail banking, has a long and consistent history of paying dividends since 1903 (http://www.dividendinvestor.com/) and they already sold off their sub-prime mortgage unit.
Even during a recession people will still need banking services so anyhow BAC will make money
Warren Buffett added to his position when it traded in the $40's couple of months ago. If I had some extra cash I would certainly be buying if it falls below $39
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