Don't see the point at buying banks at these levels at the moment? No divs and so much uncertainty that the price could potentially go lower so why not just sit on the sidelines and wait? It's not like they are going to be expanding and growing profit in the next couple of years so share prices should remain relatively low? Then for those who say its a long term investment why not just buy the asx200 which pays a div and has a lot less risk attached to it than one single bank? I just can't see the appeal vs the index at the moment some people could get very burned with no div and potential for low no share price growth over the foreseeable future. Please DYOR and GLTAH.
IMO
WBC Price at posting:
$15.27 Sentiment: None Disclosure: Held
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