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  • Bank Of America Is Trading Like Citigroup  [View article]
    I am continuously astounded by these SA articles which seek to use traditional analytical methods to prospect the future of any individual stock including BAC. According to CNBC there is a perfectly elastic 93% correlation in place now between the price of a barrel of crude oil and the entire Dow and S&P. This morning because a barrel of Brent rose by $2.00 to $32.00 the entire market including BAC rallied by a similar percentage. Traditional research is pointless. BAC's future stock price will be determined by Iran, Iraq, Saudi Arabia and Russia. The author should concentrate on OPEC's plans. as that is all that counts now.
    Jan 26, 2016. 10:58 AM | 5 Likes Like |Link to Comment
  • Is Bank Of America Discounting Another Loan Crisis Like 2008?  [View article]
    Why are you discussing BAC at all as if it had unique characteristics? The entire financial sector has just crashed and today 01/25/16 even the vaunted regional banks are cratering. If oil does not turn around soon (today CNBC found a 92% correlation between oil and the entire stock market) this market is in for a 2008 style crash.
    Jan 25, 2016. 04:21 PM | 2 Likes Like |Link to Comment
  • Memo To Annaly's Management: Now It's Time To Load Up The Truck  [View article]
    This and the other mReits are selling for so far below book they would better off liquidating assets and distributing them by special dividend or even liquidating the whole company
    Jan 22, 2016. 11:26 PM | 9 Likes Like |Link to Comment
  • Bank of America ranks last (again) in customer satisfaction; Soros discloses stake  [View news story]
    Who cares what BAC's customer satisfaction is? Most of the complainers are probably Countrywide "customers" being subject to collection processes. If Soros is in that is the best news in months. We now have two of the savviest investors in history long on the name.
    Nov 17, 2015. 12:53 PM | Likes Like |Link to Comment
  • Reviewing My Decision To Buy CYS Investments  [View article]
    Those who continue to focus on the actual price of any mREIT are going to drive themselves nuts. They are not value investments but income investments. If you continuously trade them you will lose. As long as they continue to pay some form of dividend (which will invariably will be well in excess of anything else out there in the market) they are worth staying with. Under the worst case if one of them liquidates you will probably get most of your capital backas there lenders are all secured and have hefty haircuts. I am long 5 of them since 2010 and am down on price by over 30%. I could care less as I have already gotten back almost all my original investments on the dividends alone.
    Nov 6, 2015. 09:58 PM | 18 Likes Like |Link to Comment
  • Why I Sold My Shares Of Bank Of America  [View article]
    Josh you seem to have missed the fact that the critical 10 year yield is now up by nearly 10% in less than 2 weeks to 2.19% despite the Fed inaction. The Fed only controls short term benchmark rates. Long term rates often move independently of the Fed and seem to be going higher.
    Nov 2, 2015. 08:31 AM | 4 Likes Like |Link to Comment
  • Bank Of America: A Good Time To Buy  [View article]
    I hope the bulls are right. I bought a pretty big chunk of BAC 1/1/2 years ago and agree that all the analysis points to enormous upside potential. So why haven't we seen it? My hedge fund friends tell me their brain dead computers have BAC simply linked to the 10 year treasury yield, if it goes up so does BAC's stock price. It seems none of the actual traders are paying attention to the fundamentals here which are the best BAC has had in 6 years.
    Oct 26, 2015. 07:10 PM | 3 Likes Like |Link to Comment
  • Bank Of America's Current Price Implies Zero Earnings Growth  [View article]
    I agree with many of the above comments, without a rate increase from the mice at the Fed it will be difficult for any of the banks to meaningfully increase earnings in the years to come. BAC has its act together but is still rate dependent.
    Oct 15, 2015. 09:11 AM | 2 Likes Like |Link to Comment
  • Armour Residential REIT: The One Thing You Must Know  [View article]
    Anyone who buys any high yield mREIT for capital appreciation or even preservation is nuts. You won't get either. What you will get is a reasonably safe high return which is almost unobtainable anywhere else. My aggregate ARR income over the past 8 years has just completely equaled my entire initial investment (after taxes). Anything after that now is pure cream. Yes I'm underwater on the price side but if I am only looking for the income and ARR doesn't actually go bankrupt (at which time its assets will probably be liquidated at a very high percentage of total book value) I could care less about what the asset is worth from year to year.
    Oct 14, 2015. 08:09 PM | 4 Likes Like |Link to Comment
  • Bank Of America Holders Are Wondering Why The Whiplash  [View article]
    Whether its fair or not most of the the funds, ETF's and HFT's have BAC stock marked in perfect correlation to the 10 year yield curve; if that yield goes up BAC's stock price does also. The perception (which may be right) is that BAC is a big bag of low earning capital and cash which desperately needs higher rates. Merrill and CFC will also do better if interest rate rise. Unfortunately we have a wimp for a Fed Chairman who may find a new excuse every quarter for not raising rates; at which point us BAC investors may be disappointed for some time to come.
    Oct 7, 2015. 10:25 PM | 5 Likes Like |Link to Comment
  • Bank Of America: Clearance Sale - 30% Off  [View article]
    While I agree with all the author says, if we are now as some say in a bear market no stock will trade at a deserved price. 75% of all stocks trade with the market as a whole no matter what their earnings are. If the market stays flat so will BAC, along with a lot of other good buys.
    Sep 29, 2015. 03:13 PM | 3 Likes Like |Link to Comment
  • Bank Of America Class B Warrants: Only For The Brave  [View article]
    You have obviously never done a simultaneous option exercise /equity trade with even the smallest of margin accounts. All brokers normally accommodate this type of trade even if the seller does not have the size margin account needed in that it is typically accomplished in seconds, usually on the book of the broker. I did one last week with Merrill and it worked perfectly. Or you can sell the warrants themselves which at time of exercise will typically yield the same net profit without actually exercising them. .05/ warrant? How generous! I guess vultures have to eat too.
    Sep 25, 2015. 05:57 AM | 3 Likes Like |Link to Comment
  • Bank Of America Class B Warrants: Only For The Brave  [View article]
    Good synopsis of this rarely discussed investment. However the author did not cover the "B"'s dividend driven strike price adjustment that may occur that is similar to but less generous than the "A" warrants. Based upon the assumptions regarding the common stock price in 2018 and probable dividend increases over the coming years mentioned in this article the "B" warrants may have a strike price as low as $28.00-29.00 by the expiry date in October 2018 providing even greater leverage to the investment in "B''s
    Sep 25, 2015. 05:03 AM | 5 Likes Like |Link to Comment
  • Bank Of America's Sweeping Declines - A New Chance To Cash Out  [View article]
    More nonsense from the clown prince of BAC bashers
    Sep 4, 2015. 09:58 PM | 2 Likes Like |Link to Comment
  • Does Bank Of America Need Some 'Whipping Into Shape'?  [View article]
    Let me repeat my most relevant comment, apparently overlooked. Mr. Donofrio is ALREADY the CFO of the consumer and wealth management divisions, two of BAC's largest and most successful groups. Apparently he has done such a good job there he is now being given a crack at the top CFO job.
    Jul 24, 2015. 04:41 PM | 2 Likes Like |Link to Comment