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Tagged: financial stocks, financialstocks, subprime meltdown, subprimemeltdown
Filed under: Newspapers, Bargain stocks Today's Wall Street Journal reports on the sector that is handing some big losses to value funds: financials. Companies like Merrill Lynch & Co., Inc. (NYSE: MER) and Citigroup Inc. (NYSE: C) have seen their stocks tank in the wake of the subprime meltdown, and value investors who have liked the low P/Es and attractive yields are holding the bag. The … Continue Reading »