Bank of America Corp – A Good Buying Opportunity
So it’s been several months since I last updated. I felt pretty compelled to write about Bank of America (NYSE: BAC).
At it’s current price of $11.75, it’s really a screaming buy. I believe the stock has been pretty battered due to a lot of negative press relating to it’s foreclosure mess.
However, much of it is overblown and at it’s current price, this is truly a value stock.
Bank of America is still the largest bank in the U.S. and you get it at a very attractive price.
When the economy turns the corner (many believe it already has), BAC will be one of the first companies to benefit from the recovery.
Disclosure: I am long BAC and will be adding more on dips.
