Bought COF around a year ago at around $2 after a reasonable amount of research. Dividend seemed good and everybody spoke highly of COF's work. So based on that research, it was IMO worth $2+.
Sold it around 4 months ago at around the same price as a part of reducing my holdings (retained a small stake for entertainment and possible cap raising purposes). Pure luck there, as it tanked shortly after.
Downgrade was relatively mild, and there is plenty of work in the field.
The SP doesn't make sense at all.
Bought back in now - got twice as many shares for the same outlay. Unless there is a disaster that we don't know about this is a bargain IMO.
Absolute worst case IMO dividend will be cut or reduced for some time which is fine with me.
Cheers
Bought COF around a year ago at around $2 after a reasonable...
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