Banks aren't going out of business, so look for discounts and buy selectively
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Banks aren't going out of busine...
October 09, 2008
Erin Davis, who follows the banking industry for Morningstar Inc., says that "None of the economies can continue to operate without banks, and if y... More
Erin Davis, who follows the banking industry for Morningstar Inc., says that "None of the economies can continue to operate without banks, and if you think all banks are going out of business, you might nto want to be in stocks at all." With that in mind, Davis suggested that investors can pick and choose between banking issues to find those where the business is positioned for long-term survival, despite the industry's short-term troubles. She suggested that investors looking at bank stocks seek out an even bigger discount than what ordinarily qualifies as "good value." Less
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