| DON'T BUY | 15.380 | Richard Croft | Caller is asking about laddering in on this bank. This is in the financial sector and is one of the US banks that has a huge balance sheet with a lot of bad debt on it. At this stage, he would ladder into some Canadian banks instead. You could pick Toronto Dominion (TD-T), Royal (RY-T), Bank of Nova Scotia (BNS-T) or Bank of Montreal (BMO-T), all 4 of them ora any one of them or the iUnits S&P Financial (XFN-T). (See Past Top Picks,) | 2008-07-02 | |
| DON'T BUY | 25.420 | Alan Kral | Price is depressed, but could get worse. Financial stocks like this are to be avoided, at least for the next quarter, perhaps two. Still a lot od shoes to drop. | 2008-04-15 | |
| BUY | 38.470 | Mike Lyons CA, CFA | Basically believes that the banking system will muddle through this problem. A basket of these financials with the yields they’re offering can be a very effective way to invest. Buy in measured proportions. | 2008-01-31 | |
| DON'T BUY | 42.160 | Norman Levine | Used to love this one. This was when they where an independent bank in North Carolina. Was acquired by one of its competitors a few years ago but it no longer has the good quality characteristics. | 2007-12-03 | |
| Comment | 38.430 | Brian Acker, CA | His model price is $50.12, a 31.5% upside. Model price has been coming down in lieu of earnings estimates coming down. | 2007-11-20 | |
| HOLD | 51.420 | Hap (Robert) Sneddon FCSI | Part of a recent bump up from the summer in financials. Short-term moving averages looks like it is trying to give you a signal. | 2007-10-09 | |
| HOLD | 51.420 | Hap (Robert) Sneddon FCSI | Not interested in the financials, but they do give a bit of concern right now and would like to see a bit of carry through. | 2007-10-09 | |
| DON'T BUY | 50.640 | David Baskin | Very concerned about regional banks in the U.S, don’t know about their bad exposure to mortgages. Housing situation is far from at a bottom, we’re going to see increased defaults on credit cards and on mortgages. | 2007-09-26 | |
| DON'T BUY | 53.840 | Brian Acker, CA | This has a model price of $48.94 which is at 9% negative differential. US interest rates have gone up which is killing the financials. | 2006-07-21 | |
| BUY | 48.950 | Paul Harris, CFA | A big retail bank on the eastern seaboard which is a prime area to be in. Just made a big acquisition. Good solid management. | 2005-09-19 | |
| BUY | 48.060 | David Burrows | Well-run. Prefers it over Wells Fargo as it is moving a little bit faster. Feels this is the strongest one in the group. | 2004-02-24 | |
Experts that have talked about Wachovia Corp
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