Washington Mutual?

What do you guys think of this company?  It's sitting at a 52-week low.  Is now the time to buy, or do financials keep moving lower?  Another thing that really sticks out is the 12 or so percent dividend it is paying.  I've been trying to fill my portfolio with some nice dividend paying companies, and I have never seen 12% before.  Will they slash this dividend at some point?  Should I buy or wait?  Also, I own Wells Fargo.  Thanks for the input.

 

If the Fed doesn't cut again fast they probably won't make it. I can't see them not slashing the dividend either, my 2 cents.

For people in their 20s, maybe doing the wife/kids thing, working their IRAs........the one you want to add here is First Horizon (FHN).  They have no subprime exposure and are a bank, so they are somewhat "removed" from the current financial fiasco.

 

5-10 years from now, assuming we as a planet are still functional (not a given, though), then FHN will move much higher from where it is now.

 

First Horizon............FHN...........put it in an IRA on continued weakness..............you'll make a lot of money over the long haul............bottom line.

 

Cheers

Been looking at WM too, as well as Bank of America for long term investments for my son. How much lower can they go?

WSC-

 

Then, by all means, I hope you sell it short right now.

 

I'm not, and I don't think anyone else should be getting short right now.

 

But what the hell do I know?