While the negatives of the credit cycle, the dilutive effect of the industry's refinancings and other factors cannot be dismissed, quite frankly, I can make the case that we are now at an unprecedented point of time to get long financials.
I have added Bank of America (BAC) to my banking basket of Citigroup (C) and Wells Fargo (WFC).
~ Doug Kass, "Kass: I'm Putting My Money in the Banks," TheStreet.com, May 29, 2008
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