tag:blogger.com,1999:blog-22646804.post4759589101264156996..comments2023-10-05T08:54:28.868-07:00Comments on Confused Capitalist: 7.1%? Are you kidding me!!?Jay Walkerhttp://www.blogger.com/profile/09864804379266346012noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-22646804.post-20053540016570294902008-04-21T23:02:00.000-07:002008-04-21T23:02:00.000-07:00US Banks are always going to be around and purchas...US Banks are always going to be around and purchasing them at wholesale prices is going to be profitable in the long run. Use market timing and trend analysis to purchase them at the right time though!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22646804.post-9217438471977469002008-03-04T19:56:00.000-08:002008-03-04T19:56:00.000-08:00JayI agree too.I am a big believer in good quality...Jay<BR/>I agree too.I am a big believer in good quality high yield bank stocks.<BR/>Definitely some of these banks are a better investment now since the yields are so high.<BR/><BR/>Checkout my blog when you are free.I write about foreign ADR stocks.<BR/><BR/>http://adruniverse.blogspot.comDavidhttps://www.blogger.com/profile/18229163444444108528noreply@blogger.comtag:blogger.com,1999:blog-22646804.post-79962972624446843032008-01-23T20:54:00.000-08:002008-01-23T20:54:00.000-08:00I totally agree with you. There is value in these...I totally agree with you. There is value in these stocks. The same can be said for MO in 2003 litigation trials and MRK in 2005 during their Vioxx debacle. Both paid huge dividends at the time and proved to be great investments.<BR/><BR/>5 years from now, people will forget what the word "subprime" means.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22646804.post-20678152328181194992008-01-19T16:34:00.000-08:002008-01-19T16:34:00.000-08:00Deb,I was pretty sure that you'd be the first one ...Deb,<BR/><BR/>I was pretty sure that you'd be the first one to pour skepticism on this call. <BR/><BR/>Time will tell, obviously, yet I think that Warren Buffett isn't unaware of the troubles that faced the US banks. <BR/><BR/>Looking at the prices when he bought them, he added roughly $800 million to existing positions in USB and WFC, but only about 1/2 of that in Bank of America (BAC), which was a new position for him <BR/><BR/>Whether that means he's less confident in BAC at that price, or just thinks their shares weren't as good value, remains to be seen. <BR/><BR/>I know I've said it before, but Warren Buffett doesn't usually buy into distressed businesses (GEICO excepted)- only misunderstood/ misvalued ones. <BR/><BR/>JayJay Walkerhttps://www.blogger.com/profile/09864804379266346012noreply@blogger.comtag:blogger.com,1999:blog-22646804.post-87145529769163091542008-01-18T22:09:00.000-08:002008-01-18T22:09:00.000-08:00I do not trust this call of yours at all...Lets se...I do not trust this call of yours at all...<BR/><BR/>Lets see a few banks go under first...Deborahhttps://www.blogger.com/profile/05180123507766228764noreply@blogger.com