Bank Stocks Could “Double or Triple” from Here, Says Doug Kass (XLF, FAS)
Posted on Friday, June 5th, 2009 | In Exchange Traded Funds, Market Commentary
Contributed by: ETF Daily News (http://www.etfdailynews.com) -
Even after their huge rally from the March lows, bank stocks represent the “single-greatest opportunity” from the long side, according to Doug Kass, president of Seabreeze Partners.
Bigger is better within the sector: shares of some so-called TARP banks could “double or triple in the next three-to-four years,” Kass predicts, making a notable exception of Citigroup. [...]
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