The following video is part of our "Motley Fool Conversations" series, in which consumer goods editor/analyst Austin Smith and technology editor/analyst Andrew Tonner discuss topics across the investing world.
In today's edition, Austin and Andrew continue their series, "Should You Love This Dow Stock?" Up for judgment today is 2012 top-performing Dow stock year-to-date: Bank of America. Despite the many unknowns of this company and potential for unforeseen land mines, Austin thinks it looks cheap today.
The company is currently trading at a historic discount of price-to-book value of 0.3, far below the already deeply discounted levels of rival banks like Wells Fargo. We've already seen that they are too big to fail, and today they just may be too cheap to not buy.