I left my last post on Barclay’s mainly because I wanted a measure of what “at the moment” type of activity this new site will really be.
This may be the previous stomping grounds for what once was (will always be), a rollerblading website, but the times just keep on changing. And when I say new, I mean that in every sense. I deleted the previous database which you can still find if you look hard enough. I wanted to really start clean, manage my level of fun, and leave the rest to you. What I will say is with age, your interests skew. Some weeks I devote more hours to rollerblading websites than actual skating. Both of course pale in comparision to the multitude of hours spent living and working. So there you have it Work Life and Rollerblading. One and two are not mutually exclusive.
More on more… later
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.
