Post #511 by tecmo on the Falling Knives board

Investment Strategies / Falling Knives

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For those of you who have followed the long turnaround with Wells Fargo, TD might be a consideration. They got caught with poor internal controls and have been fined and had capital restrictions placed on them (sound familiar)? The stock of course has gotten hammered and its now trading at a fair discount to their peers.

Its trading in the mid $50s / share (USD) now ($57 as I type this); would not at all be surprised to see outperformance and a return to the upper $80s - even if the market is flattish over the next 2 years or so.

Not a bad risk/reward IMO

tecmo
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