Select bank stocks may be cheap, but why settle for 2% to 3% yields? Let’s really bang on the bargain bin and for dividends between 8.3% and 9.4%. These yields are available thanks to the current banking fears. Fortunately, these payouts are more secure than vanilla investors appreciate. Hence, the dividend deal. A Better Way to Play Banks I wrote a few weeks ago about how mainstream investors are trying to time a bottom in banks . Fair enough. Banks are extremely cheap right now by a well-known measure of long-term value: CAPE (cyclically adjusted price-to-earnings), which is the price divided not by the past year of earnings, but the past 10 years .… Read more