Bove Calls Bank of America An "Absolute Steal"

Rochdale Securities analyst Dick Bove called BAC an absolute steal today. But Bove has a habit of stealing money from those unsuspecting investors who put faith in his research. Here is the money quote from Mr Bove in March of 2008 right after the Bear Stearns bottom was put in place:

"The last time an opportunity of this nature existed to buy bank stocks this cheap was in 1990," the analyst wrote. "The next time will be in 20 years. This is a once in a generation opportunity."

Actually the next time to get banks cheaper was July of 2008... and then October of 2008... and then November of 2008... and then March 2009... but hey eventually Bove will be right on the financials. Is it really prudent for Bove to call BAC a steal right after a 200% rally off the lows?!