With the recent relaunch, I’ve decided to take the site in a more focused direction to issues that pertain to my life. One of the topics I regularly find myself monitoring is the economy and finance. I recently transfered my 401k to a rollover IRA and began managing the investment myself. I’ll provide some background and context to this matter in the near future. However, in keeping with the title of the post, here’s my notes on a recent purchase of BCS.
I picked up Barclays Bank last week during decline @ 31.40. I had been waiting for the drop since March, and upon falling past 31.70, it’s been a very attractive stock in my eyes. While practically all financials have had write downs and reevaluations, Barclay’s was forthcoming quite early, and didn’t hesitate to take action. As a result, they’ve ridden a very fine line against losses. BCS has also not taken the opportunity to raise capital, something I believe would help the stock. It has some great upside potential in my eyes. Should they choose to raise capital, I expect a buyout of an undervalued M&A or equities capital markets broker. The decline was an expected bump in the road, but of all banks Barclays calls peers (notably UBS and RBS), they were the most attractive.
[...] so eloquently detailed in my first post, I bought into BCS thinking it would be immune to the U.S. Economic slowdown and my naiveté got [...]