I Guess Dick Bove’s Beach House in Spain is On Hold

About a month ago, ubiquitous banking analyst (media shy) Dick Bove told Bloomberg's Trish Regan that buying Morgan Stanley's stock will enable you to buy that house on the coast of Spain you've always dreamed about. Well, since Bove made that call the stock has tumbled, going from around $20 a share to $16, a nice 25% drop. This is what Bove said:

“I think Morgan Stanley will allow you to buy that house on the coast of Spain. I think that stock is so cheap right now, it’s overwhelming. It should be bought and bought very aggressively, right now.”

Here's

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Tagged bloomberg, dick bove, house on the coast of spain, morgan stanley, trish regan