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daner

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  • Bank Of America, JPMorgan, And Goldman Sachs Still Catering To SAC Advisors! [View article]
    I don't think this author will be happy until the government destroys these big banks! It's a new attack every day. I wonder what it will be tomorrow...
    Nov 12, 2013. 03:15 PM | 4 Likes Like |Link to Comment
  • Should PepsiCo Split Into 2 Companies? [View article]
    wdchil- I agree 100 percent! What goes better together than a Pepsi and a bag of chips! I would think there's huge advantages keeping them together in the long-term.
    Nov 12, 2013. 09:11 AM | Likes Like |Link to Comment
  • Is McDonald's trying too hard to be Starbucks? [View news story]
    Backfiring? I live next to a McDonald's--and their breakfast business is unbelievable! Always a line at the drive-thru, people inside and outside, the parking lot is always full. I think people like their coffee and love their breakfast!
    Nov 11, 2013. 02:57 PM | 2 Likes Like |Link to Comment
  • ModernGraham Valuation Of Exxon Mobil [View article]
    Benjamin Clark,
    Interesting article: I'm a student of Benjamin Graham too. I agree Exxon Mobile is one of the best companies in the world. They obviously make more money than any company almost every year (with the exception of Apple the last couple of years). But isn't the price of oil and natural gas the main factor in their valuation? Which are commodities which Benjamin Graham didn't consider an investment, but rather to be speculating.
    
    Nov 6, 2013. 08:10 PM | Likes Like |Link to Comment
  • Bank Of America Could Be On Sale Soon, Again [View article]
    RS obviously is not a "Value Investor", that's fine, most people are not. The man sure knows how to create a lively debate. There's a lot of concern here on SA about BofA's legal liabilities, it is a legitimate concern. The scary truth of the matter on this Halloween night is if our federal government lead by the Obama administration wants to destroy them, not even JPM and BofA have the resources to save themselves: But I'm still hopeful common sense will break out at the White House one of these days and they will look in the mirror and decide enough is enough... And we can concentrate on creating jobs and growing this economy instead of destroying "free enterprise".
    Oct 31, 2013. 05:55 PM | 2 Likes Like |Link to Comment
  • Bank Of America: Strong Buy On Q3 Earnings... It's All Good [View article]
    It's the share dilution to the shareholders. In your example, if you had 100 shares at $37.50 and didn't do anything, now you still have 100 shares at $14.50. That's a bad decline. They need a massive share buyback a.s.a.p.! I think they are on the right track, but it's going to take some time.



    Oct 17, 2013. 07:13 PM | Likes Like |Link to Comment
  • Following Buffett And Riding The Bank Of America Wave [View article]
    Chancer,

    Thanks for your reply: I read about every article published on BofA, probably too much. And you are right; it is my favorite stock in the financial sector at the moment, mainly based on value. I have sold a lot, but I still have an overweight position in it... I think we agree that most of their legal liabilities have come from their acquisitions. They have a huge bulls-eye on their back; it doesn't take a very smart securities attorney to see the cash they have on their balance sheet. However, I think the lions share of their legal troubles is behind them, as well stated in this article, you probably disagree.

    It's interesting you mention upselling; I have never liked it either. But isn't that what the big financial institutions business models are all about? Getting more of the customers business: Wells Fargo being the best example... I'm also a big believer in the CEO setting the tone and culture of a company. But as far as Moynihan is concerned, we seem to have different views. Based on my reading about him and the interviews I've watched, I like him. His legal background has to come in handy, lol. However, I never really understood why he gave Buffett that deal; I think the master definitely had the advantage in that negotiation.

    Bank of America is certainly not perfect. I think we all agree that they had the biggest mess to work through of all of the big banks, and with hindsight, I'm sure they could have done something's better. My main point is: based on my experience doing business with banks, and my research in them. Today, I can't see much difference in the way they treat their customers, and their ethics, compared to their peers... You obviously disagree. Time will tell.-- Banking is a tough business, it can create a lot of unhappy customers at times, like you, but I still can't find anything more lucrative to invest in. And unlike a lot of other businesses, it's never going to go out of style... Good luck!
    Aug 25, 2013. 12:32 PM | Likes Like |Link to Comment
  • A New Direction For Microsoft As CEO Steve Ballmer Retires Within 12 Months [View article]
    I know he probably won't, and I highly respect what he is doing now. But I still would like to see Mr. Gates come back as CEO. He has to be one of the best minds in the tech industry ever...
    Aug 24, 2013. 09:00 AM | 1 Like Like |Link to Comment
  • Following Buffett And Riding The Bank Of America Wave [View article]
    Chancer,
    You have peaked my interest. I have briefly reviewed your comments and you keep on accusing BofA of abusing their customers. I honestly do not get it, I have done business with most of the big banks, and I just can't see what you are continually talking about. Could you enlighten us with some specifics? You seem to have strong feelings against this bank, and I think we all would be interested in exactly why you feel that way. It seems to me the bank has made great progress the last few years.
    Aug 20, 2013. 08:41 PM | 4 Likes Like |Link to Comment
  • Bank Of America And Brand Value [View article]
    MexCom:
    I agree 100 percent. I don't think the author is going to answer my question. I think it's about time to give BofA a break. I've been following this company closing for years and feel they are trying very hard. If people are so down on this company they should sell their shares or do something positive- not sue. Time to call off the dogs.
    Jun 22, 2013. 05:48 PM | 2 Likes Like |Link to Comment
  • Bank Of America And Brand Value [View article]
    Mr. Finger:

    I appreciate your efforts in trying to improve the culture at BofA. I would be interested in hearing the details of your lawsuit against them. Would you care to share them with us?
    Jun 22, 2013. 11:36 AM | Likes Like |Link to Comment
  • Grading Bernanke [View article]
    I would give Bernanke a very high grade. I think he's playing a really bad hand that he's dealt from Congress as good as possible. When I listen to him speak I'm thinking if this guy isn't a genius, he's very close. Bubbles are a natural part of capitalism, it is part of the price we pay for our freedoms in this country. It gives us a chance to get rich or poor. We need some government and regulation, but I do believe too much and we start losing our freedom. If people are so afraid of bubbles they can move to Cuba. It's a beautiful island and I'm pretty sure they have not had any bubbles in a long time...
    Jun 20, 2013. 02:46 PM | 1 Like Like |Link to Comment
  • Former employees allege Bank of America (BAC) gave out cash bonuses and gift cards as rewards for denying loan applications and illegitimately modifying customers' files in order to make them "ineligible for loan modification," Bloomberg says. One "loss-mitigation specialist" claims staff were "regularly drilled … to maximize fees … by extending delay of the Home Affordable Modification Program process" by any available means. "At best, these attorneys are painting a false picture of the bank’s practices," a BAC spokesperson says dryly. [View news story]
    EGalindo,
    Thank you for the info. I appreciate your support of the homeowner. The housing bubble that started to pop in 2006 was probably the worst financial crisis in this country since the "Great Depression". Being in the real estate business in S. FL. I had a front row seat. Easy money and too many people believing house prices could not ever go down were the main drivers. Subprime lending and all of those crazy loan terms really blew the bubble up! The big banks are easy targets, as Willie Sutton said, "that's where the money is". And the subprime lenders are gone years ago. But I don't feel the big banks deserve all of the blame. B of A has paid around $50B to clean up Countrywide's mess. They probably could have just put Countrywide into bankruptcy, but I feel they are trying to do the right thing. An honest 20% min. down payment on a home loan would be a great regulator, but our Gov. still thinks everybody should get a home loan.
    Jun 16, 2013. 01:50 PM | 1 Like Like |Link to Comment
  • Former employees allege Bank of America (BAC) gave out cash bonuses and gift cards as rewards for denying loan applications and illegitimately modifying customers' files in order to make them "ineligible for loan modification," Bloomberg says. One "loss-mitigation specialist" claims staff were "regularly drilled … to maximize fees … by extending delay of the Home Affordable Modification Program process" by any available means. "At best, these attorneys are painting a false picture of the bank’s practices," a BAC spokesperson says dryly. [View news story]
    EGalindo,

    I read most of the articles and watched the video from your attached link. They said many times her bank was "US Bank". I did not see any mention of "Bank of America".
    Jun 15, 2013. 01:18 PM | 1 Like Like |Link to Comment
  • Microsoft Seems Ripe For Continued Pain [View article]
    Paulo,
    I would be interested in hearing about the horrid reports on the internal workings at Microsoft you are hearing about?
    Thanks!
    Jan 4, 2013. 04:23 PM | 4 Likes Like |Link to Comment
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