If one has to make BUY or SELL decisions based on a single QUARTERLY earnings report, or even a single annual report, he/she should be in CD's, or cash, imo.
UMPQ is not losing money, for crying out loud ! Neither is TMCV, USB or BAC. It may take cajones, but these are times to BUY QUALITY banks having good track records such as UMPQ for 60 month, or longer, hold periods collecting dividends along the way. (But no one can be sure, can they?) Good luck. pvbud
pvbud, I agree. It's just painful to see negative everyday. I think my dilemna is more to buy more shares if it goes down further to lower my cost basis or just hold. I'd like to buy more but that would really skew any diversification I'd like to have.
Diversification is very important, imo. There are many other opportunities these days for quality stuff, including CD's at 5 percent. Buying to lower ones cost basis is just not my thing. Actually, many of the banks are doing well even if annual earnings are flat or down a few percent. Unfortunately, that posture does not sell newspapers.