Billionaire John Paulson Loves Bank of America Corp (BAC). Why?

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Large banks do appear to offer an interesting enough value proposition to be worth of further research, but Bank of America Corp (NYSE:BAC) might not be the best way to play that thesis. Mylan also looks interesting though investors should be cautious given the number of short sellers who find the bear case for the stock more convincing. As for MGM, the company appears valued quite high relative even to what earnings are expected to be in the near future and even for the casino industry it does not look like a good buy.

Disclosure: I own no shares of any stocks mentioned in this article.

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