Two months ago I would have said the same thing postlap.
But the difference between BNB with CNP, AFG, ABC is that they still have got major banks that have too much invested in them to see it fail, and I am hearing the right things coming out at their camp with the shakeup, hence why I bought back in low (1.30). It's still speculative but I like my chances for med term. Chance of BNB going bust? Probable risk at 10-20%. Chance of SP doubling-tripling in three-six months? 50-60%. I like those odds.
IMHO post-election when Obama (God willing) announces his new war cabinet on the crisis (here's hoping for Buffett to have involvement), TRUST will come back to the market and hopefully financials will recover. BNB will be in a very good position to rally...IMHO.
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Two months ago I would have said the same thing postlap. But the...
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