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Phr3d

Phr3d
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BAC, C, JPM, KO, RY, USB, WFC
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  • Bank Of America - Recent Sell-Off Creates Ideal Entry Point For Long-Term Investors [View article]
    just wondering, are you a fan of the old Peanuts comic strip? particularly Lucy and Charlie Brown?
    Mar 27, 2015. 02:29 PM | Likes Like |Link to Comment
  • JPMorgan: A Premium Firm At A Standard Price [View article]
    Buffett love the CEO but doesn't love the stock? urban myth?
    Mar 18, 2015. 01:44 PM | 1 Like Like |Link to Comment
  • Report: DOJ wants $1B each from banks over forex [View news story]
    we-ell, FOREX was pretty straight-forward, do you mean Why a separate settlement for DOJ? Agreed, hard to make sense of that.
    Mar 13, 2015. 05:24 PM | 1 Like Like |Link to Comment
  • JPMorgan boosts dividend by 10% after CCAR [View news story]
    anyone recall 2014's "up to" buyback number vs what they actually repurchased?
    I can't seem to find it.
    Mar 11, 2015. 09:30 PM | Likes Like |Link to Comment
  • What Would A 50% Payout Ratio Mean For JPMorgan? [View article]
    positive thinking and viewpoint, as opposed to saying "to think this stock traded at over $62 just 90 days ago. Let's hope the blunder-headlines and corresponding volatility are past and not just another continuation of the 2014 roller-coaster, cuz the One Year chart don't boost confidence much.
    Mar 3, 2015. 01:08 AM | Likes Like |Link to Comment
  • Wells Fargo ringing a bell for subprime auto lending? [View news story]
    Some dealers (or fill in the appropriate customer specialist) are not making good on their promises to maintain the loans, they won't get anymore. end of story.
    Mar 2, 2015. 04:26 PM | Likes Like |Link to Comment
  • JPMorgan investor day: Trading off to strong start in 2015 [View news story]
    "Either things are getting better or banks now are beginning to go up against really easy comparisons."
    ayep..
    Feb 24, 2015. 02:16 PM | Likes Like |Link to Comment
  • A Dissolving Overhang Marks General Motors A 2015 Top Choice [View article]
    Yep, family gave me a swift kick for 50% in GM (as opposed to all Ford) since I had been easily their Biggest Detractor since the 80s, a huge powerful intelligent company that could Never get anything right. I'm a quasi car guy, and GM's internal battles are legion and legendary.

    an amusing ride, to say the least, but Mary is kickin' A, so I moved the 'other' 50% for that sector to the GM team (following your last article) but still laugh when I imagine my reaction to someone telling me in the 80s that -I- would own GM stock someday.
    Feb 17, 2015. 01:38 PM | 2 Likes Like |Link to Comment
  • A Dissolving Overhang Marks General Motors A 2015 Top Choice [View article]
    Great work, as always, Ray. I am befuddled by the -apparent- media perception that GM is Worse for all the Proactive recalls -- my read was Mary decided to put past and make good on some Famous blunders and move on, I applaud her ba..errhh. intestinal fortitude.

    If we re-think (I see no way for this to occur for reasons that you stated) the agreements of 2009, we Really open doors that frankly, no one Excepting the bottom-of-the-ocean is-a-good-start crowd. I believe the timing for that is past (and good riddance - now could someone offer a certain NY AG a comfy retirement on, well Mars, perhaps?).

    I did the opposite of another commenter - I doubled down in '08 at pennies-on-the-dollar knowing that Many industries are TBTF, heheh. I've now all-in'd GM and your thesis gives me warm fuzzies, but hey.. I'm the idiot that thinks 2015 is All fireworks and free brats..
    Feb 16, 2015. 11:23 PM | 1 Like Like |Link to Comment
  • ModernGraham Quarterly Valuation Of U.S. Bancorp [View article]
    with all respect to the Graham method, this is The example of why it can be unintentionally misleading - longs know the doink that caused the fail in 1/3 etc.
    If you are investing 'by the numbers', the Method may fail you here as it is durned hard to beat Richard Davis and team's performance in the defined economic period (and More) as a Kevlar defensive core position.

    If they Can deliver laser 8% to investors, they Will, no question. Buying on dips is (nearly) Not an option with this company, as the Dayers don't find them tasty enough, no liquid shares for you and me to slurp up (and Others in the sector need to mop out of Their basements, as share volatility in core pleases No One, particularly the issuer).
    Feb 13, 2015. 05:03 AM | Likes Like |Link to Comment
  • ModernGraham Quarterly Valuation Of Wells Fargo [View article]
    I'm too lazy to gather the volume of posts, articles and thesis from '13 over to '14 that said precisely this. Glad I kept DRIPing and buying (being that the economic cycle was so much Better Q413, if I am understanding you).

    P/B is a measure, like all others, choose your poison (no fan, me - 'Book' is harsh, worthy of measure when things are bleak for a corp, otherwise, just an amusing comparative).

    Wells (and sector) will fall again tomorrow (150213), like clockwork. yawn.
    Feb 13, 2015. 04:10 AM | Likes Like |Link to Comment
  • ModernGraham Quarterly Valuation Of Wells Fargo [View article]
    "In fact, the company passes all of the requirements of both investor types, which is a rare accomplishment."

    well said and often overlooked. That said, if you presume tanklike 8% (any above is gravy) because of the defensive attributes, this qualifies as premium core - a rare accomplishment. Do Not Epect over 8% here, this is a defensive position.

    Dayers, Please go elsewhere, even at an astounding 5.2B outstanding, there are simply not enough shares in liquid play - you're mentally m***-ting eachother, go away (a buck up and down is tempting, but you honestly Know it's dice roll and will be a wash y/y, go short some more TSLA).

    Mr. Stumpf, 5.2B, is this correct? I thought we investors had made some headway in 2014.
    Humbly suggest, flatline the div and spend whatever the guv'm't will allow you in 2015 on 201+M shares buy, time to get ahead of the curve. That will hella scare competitors (appearing to aim for 4B outstanding and making a clear point..).
    Feb 13, 2015. 03:35 AM | 2 Likes Like |Link to Comment
  • Why Principal Financial's Stock Is A Good Investment Opportunity [View article]
    Thanks Arie, for your classic analysis - this is one of my 10+ years ago holdings that I don't pay much attention to - damn, I didn't make my numbers there this year, LOL.
    Nice dividends when it's time, DRIP and lay the paper on offspring. Pret' sure my great-grandchildren will attend a nice college, if no one screws it up.

    I agree with your conclusions and am adding and recommending - got youngsters that work there, heheh. Never too soon to add core for retirement and PFG qualifies IMHO.
    Feb 3, 2015. 11:26 AM | Likes Like |Link to Comment
  • U.S. Bancorp's Steady Excellence Worth A Premium [View article]
    That tells me that you don't like the bank for reasons of little interest.
    Seriously? A branch developed a leak in the roof, what does that tell me.
    What -would- be telling is if you -asked- where a known employee had gone, since finding out that they transferred to a busier branch or had posted for and won a different position within USB wouldn't fit well with your predisposition.

    My experience differs, in what Very little I have been able to gather from talking, socially, with USB employees. They state that they are happy with their prospects with USB, something that cannot be said for all banks, by any means, as banks are necessarily conservative, and an employee's growth prospects can be limited by Many personnel issues, not the least of which is:
    a plain, flat, rotten economy for five years.

    --------

    Thanks for a fine summary, Stephen, I hope you're right regarding valuation, but I'm long and in it for the sector-leading returns to shareholders. Richard Davis and his team impress me for boring-core.
    Jan 27, 2015. 08:16 PM | Likes Like |Link to Comment
  • Explain To Me Again Why I Should Own Bank Of America Stock? [View article]
    Fantastic history and summary as always Ray, Thanks!

    I am immovably unable to share your contrarian-positive-ish forward view until (of course) it is too late and Moynihan and team actually Do stop excusin' and manage to avoid blunder-headlines for a couple quarters, but I see your thesis and am budged, if only slightly.

    Hope you tracked down the Q4 transcript, or better yet Listen to the USB earnings call, now That was an impressive Q&A! Just schoolkid glad the <harumph> part of my core shares moved to Richard Davis and his team in Minn.

    and That is why I am so immovable, the two Good banks, and even that nameless jamieperformsmarginally Co are easily taking market share, and that bodes Unwell for BAC.
    IMHO, "priceless" describes the facial expressions from WFC & USB customers if approached by.. oh NM, too much..
    Jan 27, 2015. 06:41 PM | 1 Like Like |Link to Comment
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