Early Retirement & Financial Independence Community - View Single Post

clifp · 07-15-2008, 02:37 PM

The problem I have with KBE is it contains too many potential IndyMac banks.
I prefer individual issues like ASBC which although missing earning still earned more .37 than its dividend .32 while increase loan loss reserves. Or BB&T which raises its dividend last month for the 37 consecutive year. Of course even relatively conservative banks like Wells Fargo are being trashed. I'd just like to think (or is more like hope and pray) when the dust is settled the banks that stuck with sound banking principals will still be standing with higher market share, while the IndyMacs are buried with the rest of the toxic waste.

07-15-2008, 02:37 PM	#275
clifp Thinks s/he gets paid by the post Join Date: Oct 2006 Posts: 3,009	The problem I have with KBE is it contains too many potential IndyMac banks. I prefer individual issues like ASBC which although missing earning still earned more .37 than its dividend .32 while increase loan loss reserves. Or BB&T which raises its dividend last month for the 37 consecutive year. Of course even relatively conservative banks like Wells Fargo are being trashed. I'd just like to think (or is more like hope and pray) when the dust is settled the banks that stuck with sound banking principals will still be standing with higher market share, while the IndyMacs are buried with the rest of the toxic waste.