RE: Holding for $40, $50+I agree with your analogy on holding BMO for the long term and reinvesting dividends. This is sound investing advice and will position one's portfolio nicely in the future. I have been very delighted to be offered this bear market as a opportunity to add wonderful bussinesses at firesale prices. I think the fear of further dilution that was touched on by an earlier post should not necessarly concern BMO. Every bank is independant in its needs of capital due to the decisions that management takes. RBC could have been in a position that left them vulnerable to requiring more shore up of capital but BMO should not be tarred with the same brush. One of the key problems with the financial sector is that all institutions, even the strongly capitalized have been classed as risky investments. While some truly are dangerous and the investor must be aware through his due diliigence to avoid thoese investments, their are many wonderful financials that will offer the investor a above averge return. One who doesn't become polorized by the fear and looks long term could prosper well. BMO has outperformed their peers over the 3 months and also over the year. Their fundamentals still look sound and I am not fearful of a dividend cut. I have been fortunate to have made 30% on BMO so far and am beggining to wonder how long the "money managers" and other fearful investors can sit on the sidelines missing out on the greatest forward advance of the markets since 1938.