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$30.36 1.43 (4.94%)
10/10/2008 4:01 PM

US Bancorp (USB)

CAPS Rating:
****

The Company provides financial services including lending & depository services, also engages in credit card, merchant, ATM processing, mortgage banking, insurance, trust & investment management, brokerage, & leasing activities in domestic markets.

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Recs

3

Avatar saltyseaweed (96.13) Submitted: 8/16/07 1:35 PM : Outperform Start Price: $28.70 USB Score: 42.14

The latest financial crunch will get rid of many marginal players, who have been responsible for reducing the industry margin. USB, one of the most profitable and safest banks, will then emerge stronger.





I think it might take some time for this to happen, at least a year. People should remember that Buffett buys things very long term. But with the stock at neasr 52 week low, its 5% dividend and announced buyback, I don't think it will be worthwhile to wait this to fall much more.





I'll treat this as a savings account--at 5% dividend rate--with a large upswing potential.

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