JPM
By Steve Abraham on May 01, 2008
JPM is my favorite financial bar none. I’ve liked the stock for several months now, but I took a small position recently. I like it as a long-term investment. They have the best CEO in the business in Jamie Dimon. They basically stole Bear Stearns. Think about it: they didn’t even flinch when they paid 5X their original purchase offer for Bear Stearns. The deal is going to add serious earnings power to JPM. They also have the least amont of exposure to the subprime mess. I think this stock can trade in the $60’s next year. Here is the chart:
7 Responses to “JPM”
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Omg . think broader. look at OYG and trade off of that for BAC and JMP and wait, it will come.
think global, look at UYG and bet on the low dog, BAC is the one when the chart signs a simple bottom
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