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Ralph Sesso

 
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  • Bank Of America's Q4 Earnings Were Based Upon Its Own Balance Transfers [View article]
    It is totally legit to reduce the loan loss provision if your anticipated loan losses are reduced. The loan loss category is not counted as profit and when you take it out of that category you now claim it as profit. At one point regulators were telling banks to reduce reserves because they were "hiding" profits. BAC also made a lot last quarter on investment banking which tells me they are moving in a direction that has a lot of upside. many banking relationships are spawned from the initial capital introduction.
    Jan 16 10:39 AM | 2 Likes Like |Link to Comment
  • Attractive Dividend In A Well Run Bank [View article]
    Agreed, but you didn't lose much either. In this environment many investors who are needing to get income could use this bank as a stable income producing investment. The plus 4% dividend is the attraction here.
    Dec 10 09:42 PM | Likes Like |Link to Comment
  • Attractive Dividend In A Well Run Bank [View article]
    The bank is well run and does make money. They are trading at a premium to tangible book 133% and they are going to raise money. When you are aware of a bank raising money it is often good to watch for that raise and buy after it is done.
    Dec 10 11:54 AM | Likes Like |Link to Comment
  • Put A Collar On Your Portfolio [View article]
    Eric,
    I would be as adamant as you on collars eroding value. Again, I said this is a strategy for someone more concerned about the maintenance of their portfolio than the growth of it.
    Dec 4 11:49 AM | Likes Like |Link to Comment
  • Will Bonds Run For Another 30 Years? [View article]
    I assume most bond funds would be laddered, but when you run out of cash and near maturity bonds to raise money for capital calls, you then have to sell other bonds that may not be close to maturity.
    Dec 3 12:54 PM | Likes Like |Link to Comment
  • Will Bonds Run For Another 30 Years? [View article]
    The bond funds will be fine until there are net outflows that exceed inflows. Depending on how much cash a manager holds he will be able to liquidate outflows with cash or near maturity bonds. The problem will come in when he has to liquidate bonds that are not near maturity and if rates go up he will be forced to sell to raise the capital to the person or persons leaving.
    Dec 3 12:53 PM | Likes Like |Link to Comment
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