Bank of America Corp. (BAC)

All Comments on BAC

  • commenter
    thesession
    Feb 22 01:26 PM
    Financials Offer Patient Bulls Many Opportunities [view article]
    Don't forget the E in the P/E. These companies have almost no viable/ profitable businesses right now. I think prices need to go down further to reflect the future prospects of not generating nearly as much revenue and profit. I think almost all their businesses are shut down and will likely not come back anytime soon. Reply
  • commenter
    thesession
    Feb 22 01:22 PM
    Financials Offer Patient Bulls Many Opportunities [view article]
    I think you Need to focus on the future profits and revenues of the financial companies... which is fairly dead. Where are those going to come from? Who cares if price is down 50%. Earnings likely to be down even more and will be depressed for next several years. I think prices have to go down further to reflect that.

    They are experiencing major hits to future earnings from vast majority of their businesses (with the exception of maybe brokerage and advisory business, most others are dead). That will hurt.     Reply
  • commenter
    User 152318
    Feb 22 12:35 PM
    Financials Offer Patient Bulls Many Opportunities [view article]
    Good article and find. I have been waiting to purchase some of these stocks and now that they are all on sale, the time is getting closer. Reply
  • commenter
    prospector
    Feb 22 11:01 AM
    My Website
    Financials Offer Patient Bulls Many Opportunities [view article]
    Now really IS the time to be getting into the financials. Most of the financial stocks are 1/2 OFF!! When my wife goes shopping for those 1/2 off sales in the name of "saving money", I fear that I may go broke from all of the money she's about to save me!

    I tell you, in June of '07 every single financial stock was properly valued.... every single one. Whether it was priced at $400 per share or if it was priced at $20 per share, the stock was priced correctly.

    Sure, Aweful August rolled around and cut the financial stocks at the knees and those holding bank stocks got hurt.

    If you're new to the game, you almost have to take advantage of the opportunity to snatch up some financials now. At the very least, scale into them buy as the price comes down. What this affords you is the opportunity to play in this down time. If you keep waiting for the bottom to arrive, you'll miss the opportunity to double your money.

    In 1990, the financials lost half their value. In 1991, 14 months later, they had made a full recovery. In 2007 financials lost half their value. In late 2008, you can expect the same thing.

    Now is the time to go shopping for financial stocks. If I bought a stock at 1/2 off yesterday and today it's on sale for 75% off, I'm not mad that I over paid yesterday, I'm thankful that I get to save more money t oday!     Reply
  • commenter
    Daniel S
    Feb 22 09:20 AM
    Financials Offer Patient Bulls Many Opportunities [view article]
    I agree there are some great plays out there, especially for conservative type investors. I bought AINV last week at 14.82 and it is looking good. I also own PCAP with a very nice yield on it also. A lot of stocks were taken down on the interest rate and credit scare, but some were done so very unjustly. PCAP, for example, rates their credit risk each quarter on a scale of 1-5 with 1 being the best 5 the worst. They have never said they even have a 4 or 5 so the stock selling off on credit risk is completely unfounded. Oh well it gave me an opportunity to add at a cheap price and get a great dividend. Reply
  • commenter
    Barry
    Robbins
    Feb 22 09:10 AM
    Financials Offer Patient Bulls Many Opportunities [view article]
    I read today that 10% of the homeowners in the entire country have negative equity in the their home. This is terrible because when people need to move, then they will have to take money out of the stock market, just so they can "sell" their house, if they are even able to find a buyer.

    Home prices have risen far above the historical average. Until home prices come down by 20 to 30%, I can't buy any financials. Also, hundreds of billions in writedowns have essentially been hidden in the monoline insurers (MBIA & Ambak).

    I know eventually financials will be a great buying opportunity. I just think the time is still a year away.     Reply
  • commenter
    blah-blah
    Feb 21 09:59 PM
    Financials Offer Patient Bulls Many Opportunities [view article]
    So few contrarians on this site willing to look past the nonsense and scoop the bargins. Nice Read Reply
  • commenter
    oceandude
    Feb 21 06:45 PM
    Financials Offer Patient Bulls Many Opportunities [view article]
    What are you bearish on? Reply
  • commenter
    Norman
    Lepoff, M.D.
    Feb 21 02:23 PM
    Financials: Insiders Buying on Consistent Basis [view article]
    Good article. Reply
  • commenter
    quasimatter
    Feb 20 04:44 PM
    Bank of America: Limited Downside Risk [view article]
    LOL -- this is the weirdest article I have read. The author claims
    to have sold the stock right after the announcement and then
    has this statement below:
    "Although I have no current position in BAC, I will jump back in if current levels hold. Weak hands have already been shaken out since the deal was announced."
    Is it me or is he referring to himself as "weak hand"?? He WAS
    the weak hand who sold after the deal was announced!     Reply
  • commenter
    Augustus
    Feb 19 11:57 PM
    No Underwriter Support For Failed Muni Auctions [view article]
    The leveraged Closed End Funds have been funding the leverage for themselves by issueing auction floating rate securities. Very cheap source of funding. If the auctions fail so that the costs go up - and different bonds have very different provisions for that somewhat max rate - then these guys will quit using leverage. To do that the CEF will sell enough bonds to get back to only a 100% long position.

    These auction failures really are pretty nutty. Think about the CEFs. They have portfolios of single A to triple A municipals with about zero chance of default. They put that up as collateral to borrow maybe 50%. And then use that cash to buy more AA municipal securities. The very shortest term normal rates are less than longer term muni rates so the deal has made sense on a interest spread basis.

    As for the idea that the municipal borrowers were in some sense gambling - it is just not correct. These organizations were and still are good credits. And there are still mountains of cash that need to be invested on a very short term basis so willing to earn small yields. Because the lenders really have not understood very well what they were buying in many cases, they have simply decided to not buy anything other than US Treasury Bills. When these auctions freeze up, whoever was holding the bond last gets to keep it a while longer, earning the much higher rate while doing so. Not a good thing for the lender which really needs that cash today. But most of these are cash management vehicles, so that the size of the cahs pool is probably pretty large.     Reply
  • commenter
    helplessobse
    rver
    Feb 19 09:00 PM
    No Underwriter Support For Failed Muni Auctions [view article]
    Everyday I learn of a new way to bet on the direction of interest rates, adjustable mortgages, interest rate swaps and their options, now interest rate options on munibonds. Is there more? Reply
  • commenter
    The Sky is
    Not Falling
    Feb 19 08:24 PM
    No Underwriter Support For Failed Muni Auctions [view article]
    I don't understand the last part about the leveraged mutual funds suddenly liquidating? If they held a bond, that technically went into default, but in reality suddenly went from paying 5% to paying 12%, it seems to be they must be very, very happy. These are very low risk bonds paying great returns. They hit a windfall.

    Furthermore, I do not feel a bit of sympathy for these organizations. They should have locked into long term, fixed rate bonds. Otherwise, they took a risk that markets would change. Markets changed. These are adults being paid a lot of money to obtain funding for their organizations without gambling to take advantage of what had been very low short term interest rates. Shame on them.     Reply
  • commenter
    H2O
    Feb 18 04:54 PM
    My Website
    Financials: Insiders Buying on Consistent Basis [view article]
    Now here is the words .....

    I Hold A Dream

    I hold a dream - that my neighbors, From across the
    world, will look at me with eye's of joy, and get
    rid of the eye's of fear, For it is I, your neighbor,
    that will always be there, In your hour of need.

    I hold a dream - That my neighbors - no matter what color
    or greed - man or woman - who are all Created equal, will
    look at me with eye's of joy, and get rid of the eye's
    of fear, For it is I your neighbor, that will always there,
    In your hour of need.

    I hold a dream - That all my neighbors, From all across
    this world, Will always be there for me.

    For neighbors we are, and neighbors we shall always be.


    ~WARRIOR~     Reply
  • commenter
    H2O
    Feb 18 03:59 PM
    My Website
    Financials: Insiders Buying on Consistent Basis [view article]
    Here's your poem

    I Hold A Dream

    I hold a dream - that my neighbor all across this world
    - will look at me with eye's of joy - and get rid
    of the eye's of fear - For it is I his neighbor -
    that will help - In his hour of need.

    I hold a dream - That my neighbor - no matter what color
    or greed - man or woman - who they say is there god - will
    look at me with eye's of joy - and get rid of the eye's
    of fear - For it is I his neighbor - that will help - In
    his hour of need.

    I hold a dream all men and women - are all Created equal
    - neighbors we are - neighbors - we shall always be.

    I hold a dream - In my hour of need - My neighbor Shall
    always be there.

    ~WARRIOR~     Reply

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