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.

Austin Smith and Andrew Tonner have no positions in the stocks mentioned above. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo; and has the following options: short APR 2012 $21.00 puts on Wells Fargo, short APR 2012 $21.00 puts on Wells Fargo, short APR 2012 $29.00 calls on Wells Fargo, and short APR 2012 $29.00 calls on Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.