Should I buy Wachovia stocks?

Question

With drop in Wachovia shares recently, with lows down in the $15 share range, should I buy as much as I can buy

Answer 1

They're expected to earn $2.52 next year and with the current price that gives it an earnings yield of more than 16 percent, with long term bonds trading just below 4 percent.  I think the valuation is very good.  Expected growth is between 8-9 percent per year over the next five years.

Answer 2

no, it may go lower.

Answer 3

i would stay away from bank stocks right now.