Somebody who understands banking well, help me with STD
I don't really know a lot about STD, nor am I a banking expert, or an "investing" expert. I am pretty good at trading based on patterns (not so much TA). But I do hold two "investments"; BAC and STD. The one I am having trouble with is STD...I am buying because others are fearful, and don't get me wrong, I am glad the price is dropping so I can pick more up...but how come nobody else on this board is ecstatic about STD?
5% dividend...find me another bank paying that
Trading under book value...very cheap for a bank
Acquiring other banks...shows they are healthy
International exposure...Europe woe's dont completely kill it
Am I missing something? Because this looks like an easy double.