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NYCTEXASBANKER

NYCTEXASBANKER
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  • Citi and BofA to offer mortgage deals for troubled borrowers [View news story]
    HARDOG

    Sort of like what happened in the as hau valley in Vietnam
    Sep 17 07:04 PM | Likes Like |Link to Comment
  • Citi and BofA to offer mortgage deals for troubled borrowers [View news story]
    ken ff

    You statement is incorrect because my question was to
    to D V who said
    When the taxpayers are guaranteed to cover your losses.
    that is DV incorrect statement

    How many pension funds do you think are BAC shareholders?
    I hope a lot since 2012 because then most are profitable

    I'm a taxpayer and I'm a stockholder in 200+ companies.
    Your point?

    If you want to get down to it every one who ever took a capital loss on their income tax, other taxpayers have to cover the revenue.

    My problem is there are more non paying tax individuals than those paying taxes.
    Sep 17 04:59 PM | Likes Like |Link to Comment
  • Bank Of America: A World Without Countrywide [View article]
    WHARTON 2002

    I am sorry for my assumptions that you say are untrue .

    Also seeing you used quotation marks who said below
    "knows some economics but has never run anything"

    Any fine bothers me, but I was simply point out the earning potential
    of BAC that DD & ff never seem to notice.

    I agree with you that Holiday is a disaster. I would also say so was Bill Gates he left SB in charge.

    I assume you know the Peter Principle but if not you might review it. TOO
    many of our CEO in this country are becoming poster boys for it.

    I said you seem to understand some economics but when I asked how you judge the deflation of products I received no answer.

    I have in the past asked other questions that were also not answered.
    Sep 17 04:45 PM | Likes Like |Link to Comment
  • Citi and BofA to offer mortgage deals for troubled borrowers [View news story]
    DEEP VALUE

    The 2008 article you provided was proven false by 2011. The fact is the TARP advances were paid back with interest. It's like the precious metals
    that rose and then fell so that many are under water. Gold and silver are great trades but are lousy investments. This is because depending how you hold them their is a cost and if your honest the tax is 35% as collectables with no capital gain discount.
    You also might note that the credit card companies are in great shape and
    autos are being sold in greater numbers in years.
    Sep 17 12:48 PM | 1 Like Like |Link to Comment
  • Citi and BofA to offer mortgage deals for troubled borrowers [View news story]
    deep value

    when did the tax payer cover any loses of BAC?
    Sep 17 11:33 AM | 3 Likes Like |Link to Comment
  • Citi and BofA to offer mortgage deals for troubled borrowers [View news story]
    wood

    The politically correct call it redlining while those with any common sense know it crazy because the foreclosure rate is off the charts.
    Because of the community reinvestment act Banks that may not be in 50 miles from the area are forced to fund loans. Now there are many hard working people in these areas however with two abandoned buildings and a crack house on the block not many people want to live there unless economic circumstances force them.
    Sep 17 09:47 AM | 1 Like Like |Link to Comment
  • Bank Of America: A World Without Countrywide [View article]
    Wharton 2002

    I suggest you run the numbers for BAC from Jan 2012 till now and see what they say about both of Moynihan and the stock.
    People like FUNFUN & Don DION push the 70BIL in fines. They never look at how the company was able to provide for that expense.
    Of course in the end it come out of stockholders equity but the income had to come from various sources within the bank.

    Actually I do know what funfun hasn't done and that is be a leader with in a company. Like yourself, you seem to understand some economics but
    when I asked how you judge the deflation of products I received no answer. Also your comment it is customary to take the tenure of a CEO to measure their stock performance. No one who actually runs anything would ever say that, because they understand the falsehood of the statement. I am not a fan of Mr Obama but I would never say "It is customary to take the tenure of the President to measure his administrations performance" . He came into office with a lot of baggage on his desk and he will leave baggage for the next President.
    Another item if you read funfuns comments is they are negative almost exclusively when he comments about management of all the companies.
    The one thing that stands out is his tirades of Charles Holiday former CEO of DuPont and now Chairman of BAC. He had nothing bad to say of BAC until Holiday arrived. Interesting coincident.

    I hope you do well in your investing.
    Sep 17 08:34 AM | Likes Like |Link to Comment
  • Bank Of America: Buy Before Everyone Else Does [View article]
    NASA

    Yes, banks would be helped by rate increases but not nearly as much as you think. Rates going up also increases the expenses for deposits. Its the yield curve.
    Sep 16 07:00 PM | Likes Like |Link to Comment
  • Bank Of America: A World Without Countrywide [View article]
    Wharton2002

    Your comment
    it is customary to take the tenure of a CEO to measure their stock performance

    While that true for the weak individuals of analysis. The CEO needs between 18-30 months to get the deck chairs arraigned properly. Example Mr N at MSFT he was handed the Nokia problem. Having taken over control of three divisions during my tenure, I know you need to separate the wheat from the chaff of personnel and that takes a lot of time. Creating new and proper procedures also takes considerable time. You can just imagine the time when it's the whole corporation needs to be reviewed.

    fun fun says well put below because he has no executive experience and doesn't realize a corporation is like a ship. You can turn it but you need a lot of time to do it.
    Sep 16 03:16 PM | 2 Likes Like |Link to Comment
  • Bank Of America: Buy Before Everyone Else Does [View article]
    FUN FUN

    This is the same redundant comments that he made since 2012.
    Companies come and go that's capitalism. During the period I have read his negative comments on certain companies they have all had one same feature they have all doubled in price.
    Sep 14 07:32 PM | 2 Likes Like |Link to Comment
  • GE: 40% Upside Potential With Limited Downside Risk [View article]
    brad

    After I wrote the comment I knew that using the term short would get me in trouble. In taxable accounts you use to be able to go short against the box meaning you sold your share but did not incur a tax until you either bought back or paired off the positions. I do the same in my mind set as I sell the stock with the intension of buying it back shortly. The weekly spread is usually 45 cents or better and the daily spread is 25 cents. A while back it was close to 80 cents a day.
    At the moment I have 5100 shares of GE and trade in 300 or 500 share lots plus I do short calls on the position. Its a nickel and dime plays that has not tax offset so over time does make good money.
    I see you like options as do I. I did my first option trade 50+ years ago thru a put & call dealer that was a real pain compared to today.
    Sep 14 07:38 AM | 1 Like Like |Link to Comment
  • Reuters: PDVSA seeks bids for Citgo in potential $10B deal [View news story]
    GREYFOX 070 & YALCOCER

    Here is a fly in the refinery ointment. Diesel fuel is slowly being replaced by LNG & CNG. Yes, it's a couple of years away but from what I'm told it will force the refiners to change procedures. I do not understand the ramifications except some form of change is coming.

    I'm long HFC, VLO, TSO, CLMT,MPC,MRO
    Sep 13 06:29 PM | Likes Like |Link to Comment
  • GE: 40% Upside Potential With Limited Downside Risk [View article]
    danny 1979

    I have owned GE for 30 years and at the same time I trade it weekly.
    It's in my IRA so I do not pay tax on the p+l per trade. As a result I can go long or short at any time and do so quite often, I do believe that between the oil & gas division, aircraft leasing and engines and the smart grid technology we will have a slow but steady rise in price and eventually larger dividends.
    Sep 13 04:40 PM | Likes Like |Link to Comment
  • GE: 40% Upside Potential With Limited Downside Risk [View article]
    S R B

    let' s see oil & gas, aircraft engines, electric grid improvements'.
    Sep 13 01:11 PM | 1 Like Like |Link to Comment
  • GE: 40% Upside Potential With Limited Downside Risk [View article]
    john chen
    I appreciate the down loads however your comment
    has ridiculous exposures to subprime consumer and high yield credit.
    is still not addressed. Consumer loans can be 1st,2nd or 3rd party loans
    I did not see in those down loads any indication of credit quality.
    I have a gas credit card run by SFY and according to my discover card I have an 823 credit score. I am sure there is another gas credit card holder with a 600 score who is subprime, but how do you differentiate?

    You are telling me that the Synchrony spin off took off the exposures?

    No, I'm saying they have removed the most extreme risk exposures.

    Room's to go could go bankrupt but the loans to their customers are a greater risk however how much of the customer loans are a partial recourse to Rooms to go?
    Sep 13 11:34 AM | Likes Like |Link to Comment
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