Dick Bove Calls A Bottom In Financials
The last time an opportunity of this nature existed to buy banks stocks this cheap was in 1990. The next time will be in 20 years. This is a once-in-a-generation opportunity.
– Dick Bove, Financials Analyst, Punk Ziegel, “The Financial Crisis Is Over” (subscription required), Wednesday March 19
In a very bold call out last night, respected Punk Ziegel financials analyst Dick Bove called a bottom in the financials. And he’s not hemming and hawing. He is calling this a “once-in-a-generation opportunity”. Wow.
In his note, he says that the collapse and bailout of Bear Stearns is the defining moment.
I disagree but this certainly gets my attention.