9 months ago i was on the fence about buying into either ASB or BKMU. decided to pay the addl fee and buy into both at 50 - 50. i was half wrong. since that time BKMU is up 3.64% while ASB is down 17.38%. also, BKMU returns a yield of 2.61% while ASB yield is 2.37%.
the trend to BKMU outperforming ASB continues. the BOD appears to be clueless and Phiip Flynn needs to go. he's been at the helm since 2009 and his grace period is long past. he is completely ineffective and clearly incompetent. ASB PPS has been hit hard and underperforms an underperforming banking sector. a double whammy. there will be no dead-cat-bounce to this equity.
you are thinking of buying ASB - don't. i give it another 3 mos. and i will liquidate my ASB position. with that in mind, my Long-Term Sentiment = Strong Sell.