No. of Recommendations: 1
I've been watching some commentary of the Superinvestors who like financials. They refer to BOA as "best in class and most well managed" they are beating the drum at 8x earnings and reading at par book value. Ie buy now.
However.
Going back 20 years I remember reading a bit of David Dreman and he loved investing in Banks, earnings went negative and you could pick the banks up at the low point for c50% of book value in the 90's case studies and also during the GFC. Some way to go yet, book value is c$30, so $15 dollars perhaps? Might put it on a watchlist for an allocation.
