drmalaka

Financials and Retail: Not as Dire as They Seem

This might not be the best way to read corporate financials Philip. You might want to check EPS and PEs instead. B of A is a much bigger bank since 2003 so we would expect them to be making more money just because of the aquisitions. But there are more shares outstanding now, so you must compare those relative numbers not absolute values.

As for your calls, the least you could have done is picked some of the better financials. WM is as bad as they get. July 12.5 cheap? I have a feeling WM did not make a loan unless the borrower promised to default. Single digits very soon for this one. And C is no better. They raised cash ten points ago at an 11plus percent interest and now they need more money. I am not sure if the conversion price for the note includes a ratchet down protection like the one MER has, if C has this too then raising money through equity is even costlier.