Tag:
Value Investors
Latest Headlines
Latest Headlines
Bank stocks still vex the value investing faithful
Over the past few years, few sectors have vexed value investors quite the way the banking sector has.
The old thesis that you should buy the dips of established companies because they will inevitably bounce back has been the downfall of many investors. The best example remains Bill Miller of L
Are we near the bottom for bank stocks?
Value investors have been burned before on financial stocks, especially the big commercial bank stocks and the likes of Fannie Mae. It's so tempting to believe that the selling is overdone when they drop so precipitously. But would buying in now be to commit the same mistake that the likes of Bill
Moynihan struggles to turn Bank of America around
Bank of America CEO Brian Moynihan has unfortunately found out the hard way just how difficult it is to turn around a large bank. While he got off to a great start, generated some good media and made some savvy moves, he remains a long ways away from righting the ship that was steered so hideously
Earnings season may bring upside surprises
For much of the year, the sentiment about banks has been decisively bearish--and for good reasons.
Analysts have been busy paring their second quarter estimates--sparing few--as financial stocks continued to swoon. Bank of America's pre-release guidance confirmed the worst fears, and led to ye
Creeping toward nationalization?
What to make of all this talk of nationalization? It once seemed to be a far-fetched solution, but then Fannie and Freddie were forced into conservatorship. Now, the idea is being talked about as a real possibility for the likes of Citi and Bank of America. In fact, according to CNBC , some
Is Bill Miller right this time?
Value investors are nothing if not predictable. The approach, unfortunately, has been disastrous this year. This was exemplified most dramatically by Bill Miller, who beat the S&P 500 for 15 years straight until he was undone by the credit crunch. He just kept on loading up on financial stocks
Man in the middle: Ken Lewis
The CEO of Bank of America is not shy about laying big bets, despite the conservative image he wants for his bank. People have been saying for a while now that the Countrywide deal would be his legacy. Now it appears that the Merrill Lynch deal will be. Lewis is buying on the dips, not unlike so m
Winners and losers in the Fannie, Freddie mess
The news of the federal takeover of Fannie Mae and Freddie Mac spells really bad news for value investors--notably Bill Miller, who just couldn't believe that a beaten down stock wouldn't bounce back. He never learned his lessons, averaging in as financial stocks plummeted. Last week, when Freddie
