While it’s still largely owned by taxpayers following its massive bailout during the banking crisis, things have stopped getting worse at Royal Bank of Scotland (LSE: RBS), even if profit growth seems some way off. Indeed, trading at a discount that seems overdone given that it’s just passed the Bank of England’s pretty stringent stress test, RBS might well be a buy for braver investors…
Is Royal Bank of Scotland Group plc A Buy Now It’s Passed the BOE’s Stress Test?
VIDEO: One Fool puts Royal Bank of Scotland Group plc (LON:RBS) under the spotlight.
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Published Owain is a magpie of the investing world -- and not because he gets into a flap. Almost any style of investing might suit him, depending on the bigger picture, and he's held all sorts of companies. Paraphrasing Keynes, he says: “When the market changes, I change my mind -- what do you do?”
That said, Owain is usually a buyer of equities, where he prefers lightly geared, modestly rated companies, and is increasingly on the lookout for Buffett-style intangible quality. He aspires to buy-and-hold: his best investment ideas are worth much more than he sold them for. Then again, his worst investment went bust due to management fraud!
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