Robert Sutherland Smith started his City career the year before I was born. He is, I think, 157 years old. He and I have worked together for almost eight years at t1ps.com . He is my friend and he is a very funny and intelligent chap. He is now branching out to celebrate his 158th by doing some freelance writing over at TradingResearchPoint on FTSE 350 Income stocks. He is a great one for focussing on yield. RSS today looks at RBS
What does one make of the Royal Bank of Scotland (RBS) at 362p? Banks as objects of everyday investor curiosity seem like sealed black boxes, wrapped in heavy oil cloth placed in a screwed down drum lying at the bottom of a deep ocean. Arguably, the buying of RBS shares this last year has been more a matter of flying by the seat of the pants (a great stock market tradition which some do well some of the time) than normal calculation. Trying to work out when the share price has reached a rationally understandable investment destination is difficult; more the stuff of momentum investment and chart reads.
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