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Ryan Freund

 
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  • Bank of America: No Liquidity Problems Here, Move Along [View article]
    Nice work, Andrew. You win this time!
    Aug 6 09:58 AM | Likes Like |Link to Comment
  • RBC's Analysis Of Nokia Is Questionable [View article]
    Questionable*
    Jun 6 09:41 AM | Likes Like |Link to Comment
  • Walt Disney Co: Let The Future Earnings Begin [View article]
    ...but why is it a good investment at these prices?
    Mar 21 07:03 AM | Likes Like |Link to Comment
  • Bank of America: No Liquidity Problems Here, Move Along [View article]
    Ok you just confirmed that you're a angry little retard. Thanks.
    Nov 20 01:59 PM | Likes Like |Link to Comment
  • Bank of America: No Liquidity Problems Here, Move Along [View article]
    I'm replying to this:

    "Total European exposure is a little over 14 billion. Sovereign is just under 500 million. I "

    Honestly I didn't read your article because liquidity has never been the issue to me, so I think we agree on that part. So I shouldn't have said "this article" but rather "this comment". But I am perplexed on why you'd write an article on BofA's liquidity; I don't think anyone who knows anything thinks BofA is illiquid....yet.

    My issue is that you seem to vastly understate the importance of Europe to BoA, and the United States as a whole. Much like everyone vastly underestimated the impact of the subprime mortgage meltdown. That's all I'm saying.
    Nov 20 01:43 PM | Likes Like |Link to Comment
  • I'd be buying bank stocks "hand over fist," says banking analyst Dick Bove. "On a fundamental basis, it's almost impossible to believe that these stocks are not dramatically underpriced." As he sees it, investors should be taking advantage of the turmoil in Europe to buy, not sell every time the market "freaks out" over fears of the sovereign debt crisis spreading. His picks: Bank of America (BAC), Morgan Stanley (MS), State Street (STT) and US Bancorp (USB).  [View news story]
    It's un-American to exercise your first amendment rights? Interesting. You, sir, are a complete moron!
    Nov 20 01:15 PM | Likes Like |Link to Comment
  • Bank of America: No Liquidity Problems Here, Move Along [View article]
    Once again you fail to see the bigger picture, Andrew. Total exposure for BAC is 14 billion. Total exposure to their counterparties is how much? How much do those counterparties have exposed to soveriegn debt? How much of their exposure is hedged with credit default swaps? What's the potential for their CDS' being rendered worthless when a 50% haircut that does NOT constitute a default gets shoved down their throats, a la Greece? This article tells me you do not fully understand the intricacies of global finance (or even regular finance).

    Aside from foreign exposure, what about exposure here in the US? What if housing prices drop 10% more? What happens then?

    Oh and PS - it's not a liquidity problem, it's a solvency problem.
    Nov 20 01:01 PM | Likes Like |Link to Comment
  • Bank of America Is Breaking Down To New Lows [View article]
    Bank of America does not have a liquidity problem, they have a solvency problem. The value of their assets is vastly overstated, and their liabilities are greatly understated. If the housing market continues to tank, BofA will be nationalized (at least partially), and common shareholders will get wiped out.

    Buffett will be fine, you are naive if you don't think Obama gave him assurances that he'd get his money back no matter what.
    Sep 25 04:20 PM | 2 Likes Like |Link to Comment
  • Bank of America Is Breaking Down To New Lows [View article]
    I don't like Bank of America at all, but this article is a joke. Why not talk about the fact that they are still marking their mortgage portfolio to myth? Why not follow up with the fact that if they do indeed get bailed out, shareholders will likely take massive losses? What about if housing continues to contract?

    It's so easy to bash Bank of America, and yet you failed miserably.
    Sep 25 04:15 PM | 1 Like Like |Link to Comment
  • Bank of America: Several Myths Surrounding America's Biggest Bank [View article]
    "This means if stock price is tanking due to allegations with no basis you try to put a stop to it"

    by.... diluting shareholders? Ok. I guess we'll just agree to disagree.
    Sep 1 03:11 PM | Likes Like |Link to Comment
  • Bank of America: Several Myths Surrounding America's Biggest Bank [View article]
    You don't even understand why the contradiction is so dangerous.
    Sep 1 02:57 PM | Likes Like |Link to Comment
  • Bank of America: Several Myths Surrounding America's Biggest Bank [View article]
    Again, the host of legal issues is indicative of other issues. They don't need more Tier 1 capital ASSUMING their loan performance matches what they've forecast. That's an insane assumption, as you'll find out.
    Sep 1 02:57 PM | 1 Like Like |Link to Comment
  • Bank of America: Several Myths Surrounding America's Biggest Bank [View article]
    "I have reviewed their most recent 10-Q, and done my own research. Read my previous articles if you want to get educated. Go ahead and jump on the bandwagon buddy."

    Congratulations, you read what BofA wrote about its own portfolio of mortgages. You are aware they could be mis-representing some things, right? Remember Lehman?

    "Who said anything about them going bust? I was talking about stock price. Stock price does not effect day to day business operations, and had no effect on them going "bust.""

    That's exactly my point. Why dilute shareholders if there's no need? Why even respond to the "myths" when they don't affect your day-to-day business? Where there's smoke, there's fire.
    Sep 1 02:55 PM | 1 Like Like |Link to Comment
  • Bank of America: Several Myths Surrounding America's Biggest Bank [View article]
    Vertical Spread - You're exactly right. He basically says one thing then says the exact opposite. One of those two positions is correct, but unfortunately for you its not the same as yours.
    Sep 1 02:04 PM | Likes Like |Link to Comment
  • Bank of America: Several Myths Surrounding America's Biggest Bank [View article]
    "Then look at the insane drop in Bank of America's stock price (due to misinformation, and negative opinions by analysts and media) leading up to Warren Buffet's investment."

    Iit is indeed misinformation that's driving BAC stock lower, but the misinformation is coming from BAC itself. They aren't telling investors the truth about the write downs they'll have to take eventually on the 1.2 trillion mortgage portfolio. You bought their story, most investors did not.

    No good, solid company ever went bust because people spread lies about it. This time it is not different.
    Sep 1 01:59 PM | Likes Like |Link to Comment
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