Crocodile Investors Smile at Bank of America

Crocodiles are ambush hunters, waiting for fish or land animals to come close, then rushing out to attack. As cold-blooded predators, they are lethargic, therefore survive long periods without food, and rarely need to actively go hunting.

In this time of pain and turmoil, investors need to come out of their defensive positions and find easy prey.  The preferred shares of Bank of America [BAC-PJ] are that prey.