Shabba

Citigroup Looks Overpriced

I actually think it is underpriced. I understand the approach, but the stock price you're projecting here is completely a function of what earnings you ASSUME the bank will have. Is it reasonable to assume that Citi will earn that much less than it's peers given that it is doing substantially the same things as the other banks? I don't think so, but it is debatable.

I think the stock drew more fire during the crisis because of all the ridiculous media coverage. People were afraid to go near it. It is still priced like it is completely bankrupt (liquidation value) eventhough the federal gov. has said that will never happen. This stock has nowhere to go but up, even in a horrible economy which I think we'll see over the next couple of years.

Nationalization Makes Strange Bedfellows

Can anyone explain why B of A should be nationalized after making a profit in 2008? It was a small one but they did make a profit. They made a profit in all quarters except the fourth too. If I remember right they lost 67 cents a share. It doesn't seem like banking conditions could be any worse than what happened in 2008, especially for a whole year, so I got assume that things will get better.

I'm just assuming that nationalization has to do with a company's inability to honor its committments, and the "too big to fail" idea.

Eight Reasons Bank of America Is Going to $20

Ahmen. Finally a sane voice, in a completely insane market.

BofA's Merrill Purchase: Good for America, Bad for Them

BofA shareholders are getting screwed by market panic and idiotic commentaries that have no basis in fact such as this one. The company lost about 50 cents a share last quarter, and every quarter prior to that it has been profitable. If the housing market disaster was going to take down this company it would have happened by now.

Short sellers are taking advantage of wide spread fear and uncertainty and creating even more problems by crushing stocks. If you're going to write something as damaging about BofA as this at least use some facts about the financial condition of the company.