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December 11th, 2007

AUDIO-O’Shaughnessy: financial stocks looking attractive again

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Posted by: Caroline Valetkevitch
Tags: Investment Outlook, Summit

Jim O’Shaughnessy, chairman and chief executive of O’Shaughnessy Asset Management in Stamford, Connecticut, said the sell-off in U.S. financial stocks may have run its course, and that the sector is “looking attractive again.”

The market has already seen large write-downs from financial companies, he said.

Also, he said investors always need to pay attention to valuation when picking stocks. “Valuation matters. It matters in any market environment,” he said. 

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