Buffett bets on Wells, US Bancorp

Reading Time: < 1 minute From Yahoo Tech-ticker. I don’t know about Wells, but I have US Bancorp shares (NYSE: USB). The stock appears expensive if you look at the price book ratio, which is a common metric to measure bank stocks. But USB is a very different bank compared to others, it’s a conservative lender. Since I opened my… Continue reading Buffett bets on Wells, US Bancorp

US Bancorp share looks cheap

Reading Time: < 1 minute (Update) According to Dow Jones News, USB sold 139 million shares at $18 per share. See the news at WSJ. (Original) When I say cheap, I meant in relative terms. My benchmark: Buffett endorsed 2 banks in Berkshire annual shareholder meeting: US Bank (NYSE: USB) and Wells Fargo (NYSE: WFC). Many people did not know… Continue reading US Bancorp share looks cheap

This silly earning thing

Reading Time: < 1 minute First Quarter earning reports for the stocks I own (as of this writing, it could change without notice). This is mostly for my own benefit, I want to collect them in one place rather than go to different IR web sites. Listening to conference call is a mixed experience, sometimes it’s fun, sometimes it’s boring.… Continue reading This silly earning thing