Wednesday, August 3, 2011
Wells Fargo
http://www.nasdaq.com/aspx/dynamic_charting.aspx?selected=WFC&symbol=WFC
Since Mr. Buffet invested a big chunk of Berkshire Hathaway's money in Wells Fargo I decided to check out the hype. Hype? No Hype here, just home grown consistency. Look at the 5 year chart and you will see a giant dip in 2009 ( just like everybody else) but notice a bounce right back where they were. Its like the horse drawn stage coach decided to take a water break on a fault line during a level 5 earthquake and just dusted themselves off and kept on trotting.
The group has some good resources and obviously have done something right...well besides the obvious. They don't have college checking fees :)
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