Your whole life, you’ve heard “Timing is everything.” You’ve probably also heard people say to “be in the right place at the right time.” When we do something has a whole lot to do with how successful we’ll be at it. It’s great to… Read More

A few years ago, bank stocks were among the most unloved investments. Many of them traded well below book value and also sported low price-to-earnings multiples. Yet a pair of factors has led investors to rapidly warm up to bank stocks. First, the global economic crisis no longer seems to be a… Read More

A few years ago, bank stocks were among the most unloved investments. Many of them traded well below book value and also sported low price-to-earnings multiples. Yet a pair of factors has led investors to rapidly warm up to bank stocks. First, the global economic crisis no longer seems to be a mortal threat to bank’s balance sheets. A long-anticipated crisis simply never came to pass. Second, a sense that the U.S. housing market — a key source of bank profits — was on the mend, has led to expectations of a brightening profit forecast. Indeed, second-quarter results are in from the major banks, and they look quite solid. A Solid Quarter For Leading Banks As a result, after a 20% surge in the first half of this… Read More

A few years ago, bank stocks were among the most unloved investments. Many of them traded well below book value and also sported low price-to-earnings multiples. Yet a pair of factors has led investors to rapidly warm up to bank stocks. First, the global economic crisis no longer seems to be a… Read More

A few years ago, bank stocks were among the most unloved investments. Many of them traded well below book value and also sported low price-to-earnings multiples. Yet a pair of factors has led investors to rapidly warm up to bank stocks. First, the global economic crisis no longer seems to be a mortal threat to bank’s balance sheets. A long-anticipated crisis simply never came to pass. Second, a sense that the U.S. housing market — a key source of bank profits — was on the mend, has led to expectations of a brightening profit forecast. Indeed, second-quarter results are in from the major banks, and they look quite solid. A Solid Quarter For Leading Banks As a result, after a 20% surge in the first half of this… Read More

A few years ago, bank stocks were among the most unloved investments. Many of them traded well below book value and also sported low price-to-earnings multiples. Yet a pair of factors has led investors to rapidly warm up to bank stocks. First, the global economic crisis no longer seems to be a… Read More

A few years ago, bank stocks were among the most unloved investments. Many of them traded well below book value and also sported low price-to-earnings multiples. Yet a pair of factors has led investors to rapidly warm up to bank stocks. First, the global economic crisis no longer seems to be a mortal threat to bank’s balance sheets. A long-anticipated crisis simply never came to pass. Second, a sense that the U.S. housing market — a key source of bank profits — was on the mend, has led to expectations of a brightening profit forecast. Indeed, second-quarter results are in from the major banks, and they look quite solid. A Solid Quarter For Leading Banks As a result, after a 20% surge in the first half of this… Read More

A few years ago, bank stocks were among the most unloved investments. Many of them traded well below book value and also sported low price-to-earnings multiples. Yet a pair of factors has led investors to rapidly warm up to bank stocks. First, the global economic crisis no longer seems to be a… Read More

A few years ago, bank stocks were among the most unloved investments. Many of them traded well below book value and also sported low price-to-earnings multiples. Yet a pair of factors has led investors to rapidly warm up to bank stocks. First, the global economic crisis no longer seems to be a mortal threat to bank’s balance sheets. A long-anticipated crisis simply never came to pass. Second, a sense that the U.S. housing market — a key source of bank profits — was on the mend, has led to expectations of a brightening profit forecast. Indeed, second-quarter results are in from the major banks, and they look quite solid. A Solid Quarter For Leading Banks As a result, after a 20% surge in the first half of this… Read More

A few years ago, bank stocks were among the most unloved investments. Many of them traded well below book value and also sported low price-to-earnings multiples. Yet a pair of factors has led investors to rapidly warm up to bank stocks. First, the global economic crisis no longer seems to be a… Read More

A few years ago, bank stocks were among the most unloved investments. Many of them traded well below book value and also sported low price-to-earnings multiples. Yet a pair of factors has led investors to rapidly warm up to bank stocks. First, the global economic crisis no longer seems to be a mortal threat to bank’s balance sheets. A long-anticipated crisis simply never came to pass. Second, a sense that the U.S. housing market — a key source of bank profits — was on the mend, has led to expectations of a brightening profit forecast. Indeed, second-quarter results are in from the major banks, and they look quite solid. A Solid Quarter For Leading Banks As a result, after a 20% surge in the first half of this… Read More

A few years ago, bank stocks were among the most unloved investments. Many of them traded well below book value and also sported low price-to-earnings multiples. Yet a pair of factors has led investors to rapidly warm up to bank stocks. First, the global economic crisis no longer seems to be a… Read More

A few years ago, bank stocks were among the most unloved investments. Many of them traded well below book value and also sported low price-to-earnings multiples. Yet a pair of factors has led investors to rapidly warm up to bank stocks. First, the global economic crisis no longer seems to be a mortal threat to bank’s balance sheets. A long-anticipated crisis simply never came to pass. Second, a sense that the U.S. housing market — a key source of bank profits — was on the mend, has led to expectations of a brightening profit forecast. Indeed, second-quarter results are in from the major banks, and they look quite solid. A Solid Quarter For Leading Banks As a result, after a 20% surge in the first half of this… Read More

A few years ago, bank stocks were among the most unloved investments. Many of them traded well below book value and also sported low price-to-earnings multiples. Yet a pair of factors has led investors to rapidly warm up to bank stocks. First, the global economic crisis no longer seems to be a… Read More

A few years ago, bank stocks were among the most unloved investments. Many of them traded well below book value and also sported low price-to-earnings multiples. Yet a pair of factors has led investors to rapidly warm up to bank stocks. First, the global economic crisis no longer seems to be a mortal threat to bank’s balance sheets. A long-anticipated crisis simply never came to pass. Second, a sense that the U.S. housing market — a key source of bank profits — was on the mend, has led to expectations of a brightening profit forecast. Indeed, second-quarter results are in from the major banks, and they look quite solid. A Solid Quarter For Leading Banks As a result, after a 20% surge in the first half of this… Read More

A few years ago, bank stocks were among the most unloved investments. Many of them traded well below book value and also sported low price-to-earnings multiples. Yet a pair of factors has led investors to rapidly warm up to bank stocks. First, the global economic crisis no longer seems to be a… Read More

A few years ago, bank stocks were among the most unloved investments. Many of them traded well below book value and also sported low price-to-earnings multiples. Yet a pair of factors has led investors to rapidly warm up to bank stocks. First, the global economic crisis no longer seems to be a mortal threat to bank’s balance sheets. A long-anticipated crisis simply never came to pass. Second, a sense that the U.S. housing market — a key source of bank profits — was on the mend, has led to expectations of a brightening profit forecast. Indeed, second-quarter results are in from the major banks, and they look quite solid. A Solid Quarter For Leading Banks As a result, after a 20% surge in the first half of this… Read More

For nearly two years, investors have had to climb a wall of worry with regards to airline stocks. #-ad_banner-#Back then, I suggested that my favorite industry operator, Delta Airlines (NYSE: DAL) was poised to double and the subsequent 145% gain has led a group that has fared quite well. Simply put, investors were ignoring the too-low price-to-earnings ratios, and instead focused on the trauma that airline stocks had… Read More

For nearly two years, investors have had to climb a wall of worry with regards to airline stocks. #-ad_banner-#Back then, I suggested that my favorite industry operator, Delta Airlines (NYSE: DAL) was poised to double and the subsequent 145% gain has led a group that has fared quite well. Simply put, investors were ignoring the too-low price-to-earnings ratios, and instead focused on the trauma that airline stocks had induced in the past as they shifted in and out of bankruptcy. These carriers’ financial position is so much stronger than in the past that AMR may well be the last industry bankruptcy we see for a very long time. Just four months ago, I reiterated my ardor for Delta, and the carrier subsequently raised June quarter guidance in mid-June, thanks to falling jet fuel prices. But quite suddenly, Delta and its peers look a lot less enticing. This chart should… Read More