ralph schauss

The Long Case for Bank of America

Bac is a strong company, it has a great franchise, strong market position, the advantage of large scale effects, and a mature (not changing every year ) management which is savvy, aggresive and does exploit opporunities, this company has very successfully used and well executed buying opportunities, it will do very well in the long run, it has made great Investments in Banco Serfin(Santander)Mexic... when SAN was on the ropes( see 2002), Banco ITAU the undisputed leader in Brazil /Lat AM and China Construction Bank, C Wide looks risky with the housing crisis,but after unwisely spending S 2 bn in August of 2007 on C Wide, lawsuits by state DAs ( pathetic - just for vote getting= they do hurt their own voters who are employees of BofA and customers)
a comment on short selling, do not be fooled by WS and hedge funds, academics and some papers including the FT that this is a wonderful practice for market liquidity and to show the true values of companies, it is just is a ST action of parasites to make some people very rich at the expense of many, just plain greed to make a fast buck
RS London, UK