Should I buy Lloyds TSB shares?

Question

The shares look cheap considering they say they have not had the exposure to the US subprime misfortunes. The dividend is a massive 13%. Will they pay the dividend, or cut it. Is the company in good shape, if it is why has the share price halved. Should I buy? Yes or No?

Answer 1

As part of a diversified portfolio, yes. They may fall further but you would they should be  a reasonable investment over a 1-2 year view.

Answer 2

Earn money-

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Answer 3

I wouldn't touch them mate. Try HBoS - all new mortgage business is going to them at the moment and their retention team ensures they never let business go.