Financial Stocks Presenting Many Opportunities for Patient Bulls: FCSX, MS, BAC, FIG, BSC, TROW, AINV, BX, WDR, C
Morgan Stanley (MS) has rewarded us for being patient. In my last post on January 21, I suggested she would trade down in the low 40′s. If you missed the idea, this stock is looking very attractive as a long term investment for so many reasons that I don’t want to even bother discussing them all here, but I will list them: Forward P.E. in the single digits, Fed is in aggressive cutting mode and lending margins are expanding, sub-prime is expected to get much worse from here and thus priced in. Therefore the risk is to the upside.
