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| Free Toaster With Your Bank? |
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| Written by David Neubert | |
| Wednesday, 06 August 2008 | |
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Bank Shares are just so darn cheap right now they could be giving them away with toasters. If you don't want to have to figure out which bank is going under next you can just buy the (XLF -22.36) on next dip. Personally, I've been buying Lehman (LEH - $20.63) because I think they will not go the way of Bear Stearns and American Express (AXP - $38.13) because they are not a bank and any temporary reduction in credit card spending will be made up by the secular trend toward credit card usage and the higher service provided by American Express products. This cartoon from the Sacramento Bee says it all: 
Photo: massdistraction, Creative Commons, Flickr  Disclosure: I own Lehman, I am a former Managing Director at Lehman. I am still participating in their executive compensation plan. I own American Express. I own XLF. AXP 
David Neubert 
Financial Sector 
Humor 
LEH 
Neubert Trades 
Comments
(4)
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written by joe , August 14, 2008
What are your thoughts on the big C (Citigroup)
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written by Jeanne Roberts , August 17, 2008
Hey, David, can I get the toaster without the bank? Having both makes the phrase "you're toast" seem redundant.
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written by joe , August 19, 2008
Read a headline about Lehman today, more bad news about writedowns and putting feeders out for interest in their asset management business unit. your thoughts? does this change your feeking about LEH?
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written by jayson , September 16, 2008
Dave,
Thoughts on the market? What's up with this? jayson Tag it:           | |
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