Quote:
Originally Posted by ADL Colin
I don't try and time anything. Just look for stuff that is cheap. Hell, WFC is trading at a cheap multiple even against the possibility of an awful 2009. Citi analyst downgraded it and went with $1.50 instead of $2.00. $21/1.50 is cheap enough but when you consider a return to normal earnings in 2010-11 and then discount the future earnings to the present you are looking at a real cheap stock.
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So you look for good long-term positions to hold. Where do you see Ford, GM, in 2-5 years?
I know they are in grave danger but the shares are at historic lows (with good reason)
http://finance.google.com/finance?client=ob&q=NYSE:F
http://finance.google.com/finance?q=NYSE:gm