Would you buy wachovia stock now?

Question

Would you buy wachovia stock now?

Answer 1

No. Wachovia has too many problems.  Actually, it is a good idea to avoid all bank stocks for a while.

Answer 2

Why, would you?

Answer 3

no I would buy merril lynch, but I would wait to see if stock prices fell anymore over the next few months and save money and make a larger investment for a potentially lower cost.  It's at 40 right now and was trading around 92 at the end of last year.

Why wachovia? are they expanding their buisness...overseas?

Answer 4

It has a great payout ratio (dividends)  that is about it.

I agree with the above answer, why would you, when there are so many more viable options in the stock market right now and Wachovia is in a struggling industry.