Anybody else see bank stocks as a great investment? I mean, what's the worst that can happen? It seems that if a bank starts lagging, it gets bought and you can really make some nice ching!! Thoughts? Anybody done bad with bank stocks? I'm talking to the longs out there.
Glad you joined in. For the very long term, banks, utilities, bonds and preferred stocks are going to be the most dependable. If you are willing and able to take a few chances, there are many other stocks that I feel are excellent investments. Forget the dotcoms and their 74:1 P/E ratings. Blue chips such as G.E., Intel, Pepsico etc. will no doubt continue to provided the best overall return and growth over the long haul.
What about the small start-up banks? A couple of years old with 1 or 2 branches. What about those? Any risk there?
Also, when banks get bought isn't there some kind of stipulation that the ops centers of the selling bank have to be left alone for a couple of years before they can be moved? If BB&T got bought, there would be a lot of out of work, angry folks in Wilson.