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Originally Posted by Ethersync
What's your strategy with this? Buy and hold or buy and sell into a rally?
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Buy and hold. I find this to be quite cheap using a DCF analysis. Of course it depends on what you think future earnings will look like but I try to be conservative there. Then again you can always trust Uncle Warren.
Back in October Buffett bought some stock in his personal account for the first time in decades. It was Wells Fargo and he bought in the low 20's.
Here was his comment then.
BUFFETT: Yeah, I bought -- The first domestic stock that I can remember buying, I don't know, in a decade or two. But there was a time that Wells got down into the low 20s and so I couldn't resist. I bought some myself. I keep most of my money in Treasury bonds, except for Berkshire Hathaway, but I did buy some Wells.
WFC is his second largest holding.