PDA

View Full Version : Agree with Wachovia -WB



doctoroe
08-16-2005, 07:57 PM
I agree with Cramer that WB is a good investment now. Remember this company is a merger of two east coast powerhouses, First Union and Wachovia. As they complete all of the longer term plans outlined in the merger agreement, WB will be a very efficient money machine.
The stock has consolidated over the last months, and now looks ready for a nice move up. The increase in the dividend and the buy back won't hurt either.
Stock chart:
http://stockcharts.com/def/servlet/SC.web?c=WB,uu[w,a]waclyyay[dd][pb10!b20][vc60][iLah12,26,9!Lg]&pref=G

Hexum
08-16-2005, 08:36 PM
I agree. They are a powerhouse in the industry and have no signs of slowing up. I have a large amount in from a few months ago and I think I am going to sit back and enjoy the 3% yield and watch it grow!