Ann: Becoming a substantial holder, page-8

Extract from article presented by Live Wire on the Banks................Quote:-

"There is also deep value present right across the spectrum including the regionals such as the Bendigo and Adelaide Bank (ASX:BEN) and Bank of Queensland (ASX:BOQ), which are trading at 49% and 50% discounts to their respective book values. From the current depressed levels, we would expect to make money on any stock in this sector; it’s really a question of how much and how quickly, not if."

Sooner or later Bank stocks will be back in favour. I would rather own BEN than FMG atm. Historically there has been switches between Banks & Miners. China suks so the trade is........................................sell the miners & buy................... the Banks.

Added some Ben to the portfolio today because I like their business model, structure, balance sheet and dividend potential. Its a buy for the long haul up that steep hill.