1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Holly LaFon
Holly LaFon
Articles (6843) 

John Buckingham, CIO of Al Frank Asset Management, Talks Banks and Citi Pessimism

July 16, 2013 | About:

Guru John Buckingham is not impressed with Citigroup (NYSE:C), and discusses JPMorgan (NYSE:JPM) and Wells Fargo (NYSE:WFC).


Rating: 3.7/5 (3 votes)

Comments

smgacm
Smgacm - 3 years ago    Report SPAM


This investor seems to miss the point of effective capital allocation. Arguing that dividend yields are the best way to value a bank stock seems misguided. Citi's management has repeatedly stated that repurchases are a superior way to deal with excess earnings if the stock price is low relative to book value. I would argue that Klarman's admonition to "buy assets and sell earnings" would be a better way to frame this discussion.

Please leave your comment:


GuruFocus has detected 3 Warning Signs with Citigroup Inc $C.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

User Generated Screeners


Raven94C%
dguibertvalue growth
HOLKLSUSmall Cap IT Financial and Ind
alexbernal0$$primo$$
efredbacCyber Security
alexbernal0cheapPL
dguibertMini caps
valueinvestmentBank
valueinvestmentInsurance
chentao1006non-fin
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK