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Verizon Communications Inc. Message Board

jakeman49 1 post  |  Last Activity: Jun 27, 2016 1:30 PM Member since: Mar 19, 1998
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  • Reply to

    Brext Effect

    by pky2007 Jun 24, 2016 4:37 PM
    jakeman49 jakeman49 Jun 27, 2016 1:30 PM Flag

    I been trying to figure that out myself. The regional banks don't have the same exposure to international financial turmoil as the money center banks do. So why are they all taking the same hit? Just as a rising tide lifts all boats, a falling tide lowers them all. The difference is that the regional banks will likely remain profitable and experience very little impact from the international trade and currency issues to follow a Brexit. I think that when the dust settles a little bit there will be some very attractive opportunities to add to my existing positions. (Which I am NOT selling). They are still paying a dividend that yields more than a 10 year treasury. I can wait it out.

    Sentiment: Buy

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