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$28.04 1.13 (4.20%)
7/8/2008 4:00 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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Avatar gea1968 (97.93) Submitted: 5/17/08 10:46 AM : Outperform Start Price: $33.44 USB Score: -5.21

The sky is falling! The sky is falling! Run away! Aaaaaaaa......
A lot of people (including me) thought that all the financials were irredeemably toxic just a few months ago. Sure, banking stocks were cheap... but they were "cheap for a reason", and getting cheaper all the time.
I think that global financial markets will continue to suffer until at least some time in 2010 (see recent Markman articles). So, why buy USB? Well, a guy you may have heard of named Warren Buffett just bought more USB. No one is perfect, but I tend to think that Mr. Buffett knows what he is doing. So, I am going to follow suit.

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