Wells Fargo (WFC -0.55%) is a selection for the real-money Inflation-Protected Income Growth portfolio. In this brief video, portfolio manager Chuck Saletta offers three reasons why he's holding on to Wells Fargo stock despite the company's modest gain since he bought it earlier this year.
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In summary:
- Wells Fargo's market price is close enough to Chuck's fair-value estimate to continue holding.
- Wells Fargo's balance sheet is solid, with a 1.2 debt-to-equity ratio.
- Wells Fargo's dividend is well-covered and has room to increase as the company grows.
To follow the IPIG portfolio as buy and sell decisions are made, watch Chuck's article feed by clicking here. To join The Motley Fool's free discussion board dedicated to the IPIG portfolio, simply click here.
