Wachovia: Buyable? - Notable Calls

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Wachovia: Buyable?
Jul 10, 2008 01:51 PM UTC

Notable Calls

Return	Risk
-5.73%	HIGH

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Symbol	Sentiment	Start	Return	Closed
WB		07/10/08	-33.38%	07/15/08

Via Long Investment Ideas from Seeking Alpha:

Is Wachovia (WB) buyable?

- Goldman Sachs notes the good news is that Wachovia has a new CEO. The bad news is that nearly half of the ~$8bn of capital raised in April has already evaporated. If they set aside the good news, the conclusion from the bad news is that more capital is required and the easiest and least expensive source has to be a cut to the dividend, which is still sizeable at $3.2bn annually.

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