2.20.2009

Financial bloodbath!


Visualizing Financials: Charting the Carnage

Comment: I bought 1000 shares of Fifth Third today ... just pennies above a buck a share.

7 comments:

  1. Is it legal for you to own shares of a competitor? In my business, I cannot own shares outside of mutual funds of any of our competitors or trade options on our own stock. I have to disclose any potential conflict of interest each year.I would think that you owning fifth third would be a huge conflict of interest?

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  2. No conflict of interest .... we have an ethics booklet and annual training on ethics.

    What would be a conflict of interest would be if I had a business that competed with W/F ... say I sold Insurance for Primerica on the side. Many more examples but owning shares in FITB is not one of them.

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  3. Wow, WF is very liberal when it comes to conflict of interest. I could never do that where I work.

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  4. JP, I've been thinking of buying many stocks lately. But to be honest, even at these bargain basement prices on virtually EVERYTHING, I'm afraid I'd still lose money because I think we'll still go down in the market overall.


    TLange, I buy stocks of my competitors all the time. There's no problem with that at all. If anything, the only problem is if you buy your OWN stocks and are a very high level employee and somehow don't report it on insider trading sheets.

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  5. Does anyone think Ken Lay is alive and well in Paraguy or some such South American location?

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  6. Terry,

    How do you perceive that this is a conflict of interest? I am a nobody at my mega bank. (I'm a somebody ... but no one consults with me before corporate decisions are made!)

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