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**Gumby** · 10-05-2007, 01:10 PM

I just bought Barclays (BCS). Now that they have lost the battle for ABN Amro, I expect that they will recover some of the swoon in share price that occurred after they started their campaign for ABN. Right now, the dividend exceeds 5.5% and they have share buyback authorization exceeding $3 billion by the end of the year. A major global player with earnings largely outside the US, so it is a hedge on the dollar. I think the suspicions around their potential trading losses is overblown. Finally, during the last several months, this stock has been heavily shorted. If the trend reverses strongly with this news and the shorts need to cover, there could be a nice pop ahead.

10-05-2007, 01:10 PM	#9
Gumby Administrator Join Date: Apr 2006 Posts: 2,721	I just bought Barclays (BCS). Now that they have lost the battle for ABN Amro, I expect that they will recover some of the swoon in share price that occurred after they started their campaign for ABN. Right now, the dividend exceeds 5.5% and they have share buyback authorization exceeding $3 billion by the end of the year. A major global player with earnings largely outside the US, so it is a hedge on the dollar. I think the suspicions around their potential trading losses is overblown. Finally, during the last several months, this stock has been heavily shorted. If the trend reverses strongly with this news and the shorts need to cover, there could be a nice pop ahead. __________________ You should not assume that I have a clue about anything I post. If you need a lawyer, go get your own. Be of good comfort, Master Ridley, and play the man; we shall this day light such a candle, by God's grace, in England, as I trust shall never be put out. -- Hugh Latimer, 16 October 1555