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papayamon

papayamon
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  • Bank of America's (BAC) CEO Brian Moynihan on Q2 2014 Results - Earnings Call Transcript [View article]
    Obviously, ff is telling us for the umpteeth gazillion time that BAC is evil and deserves destruction, even if the "crimes" were committed before BAC acquired ML and Countrywide. Makes perfect sense.
    Jul 16 11:36 PM | Likes Like |Link to Comment
  • Big Banks Hit With Monster $250 Billion Lawsuit In Housing Crisis [View article]
    They won't be. They will be sued because they are guilty by association. After all, BAC had bad mortgages, and this encouraged other banks to make bad mortgages. So ultimately, it is all BAC's fault!
    Jul 16 04:04 PM | 2 Likes Like |Link to Comment
  • Bank Of America Shares On Sale Following Earnings [View article]
    I bought 17k shares today :). This is an easy dollar here. In the next several days, people will start to appreciate that the bank is ready to hit on all cylinders.
    Jul 16 03:31 PM | Likes Like |Link to Comment
  • Bank Of America Earnings Update: It Beats Estimates But Does That Matter? [View article]
    I suppose there is prejudice in everyone's heart. it's just when those martians want to marry in with the humans... disgusting, isn't it?
    Jul 16 01:47 PM | 1 Like Like |Link to Comment
  • Bank Of America Earnings Update: It Beats Estimates But Does That Matter? [View article]
    I'm sure that you will be one of their top writers! Pack your bags!

    And in the meantime, I'll be the one who is stuck on earth after making a quarter million on BAC by doing the exact opposite of your advice.
    Jul 16 12:36 PM | 1 Like Like |Link to Comment
  • Bank Of America Earnings Update: It Beats Estimates But Does That Matter? [View article]
    Yes, and by the time you have done that (bought at $12), I will have flapped my arms hard enough to make several trips to Mars, where your out of this world prediction will seem to make sense.
    Jul 16 12:25 PM | 2 Likes Like |Link to Comment
  • Bank Of America Earnings Update: It Beats Estimates But Does That Matter? [View article]
    I must be blind because I don't see it. I see fear mongering nonsense against an improving earnings environment. I agree that irrational emotions play a lot into stock price, but I've had much better luck betting against that factor. What it does do is create a great buying opportunity there.

    Do not worry, my friend. We will compare notes next year when I expect you to write an article saying "I didn't know what the heck I was talking about with regards to BAC." See you in the 20's.
    Jul 16 11:53 AM | 2 Likes Like |Link to Comment
  • Bank Of America Earnings Update: It Beats Estimates But Does That Matter? [View article]
    I don't see that being down 30 cents is really all that much of a message. BAC is still above where you predicted a "big hit" a few weeks ago. Is there any reason you would be more accurate now?
    Jul 16 11:34 AM | Likes Like |Link to Comment
  • Bank Of America Earnings Update: It Beats Estimates But Does That Matter? [View article]
    The "indefinite" nature of litigation is where we disagree regarding what is material. Sure, there will be litigation, but BAC isn't getting into another Countrywide or Merrill . One more big settlement, and it is off to the races. Why should I wait to buy BAC when it's in the 20's?

    Hint: The earnings do matter.
    Jul 16 11:22 AM | 4 Likes Like |Link to Comment
  • 'New Bank Of America' Is Finally Here [View article]
    Why would you wait until everyone says buy and then the price is already in the 20's. That's what makes no sense.
    Jul 16 11:17 AM | 2 Likes Like |Link to Comment
  • Capitalizing On Cannabis: A Dark Cloud Lingers [View article]
    Until there is a legitimate (and sizeable) market for legalized cannabis, these stocks are extremely risky and highly prone to preposterous valuation bubbles. When there is an actual product that can be sold without so much incredible hassle, the big tobacco companies will grab the market and simply integrate the product in with their current distribution systems... i.e. .. to be sold like cigarettes. I can't think of an investment in the current sector that I'd make at this time.

    Many of these companies are set up to pay big dollars to those running them at the expense of investors, and that is their real business.
    Jul 15 03:23 AM | 1 Like Like |Link to Comment
  • I Found The Cheapest Stock In The Stock Market [View article]
    At the current valuation, I have ANR as a buy. $3.31? This will do 3.75 on the next bit of news that isn't gloom and doom. I bought 20k shares at this price friday.
    Jul 12 11:11 PM | 3 Likes Like |Link to Comment
  • Bank Of America: Get Out Now, The Bank's Coffin Is About To Be Nailed Shut [View article]
    So, are you recommending just selling BAC, or selling every bank and every stock and buying gold and putting it under your mattress? I don't see why the crisis as described would warrant singling out BAC as a bad investment. If a large global correction should occur, then am I better off for having my money lost in another stock?

    Typically one would expect "the nail in the coffin" scenario to be specific to BAC. However, this is because the fed will stop QE. Makes sense, because I can't think of another stock besides BAC that this could impact? What?

    IMO, this is your worst article. No reason for BAC to be connected to these events any more than another stock. A completely illogical leap to a conclusion that if the sky falls (and I feel a raindrop) then head for the hills - but dump your BAC first.

    Amazing that the editorial staff wants to crank on some quality authors, yet they are all too willing to publish this sort of nonsensical tripe.
    Jul 11 09:37 AM | 2 Likes Like |Link to Comment
  • Bank Of America: Giving Regulators The Finger [View article]
    Who do you think benefited from the loans? How about people who never should have been able to buy a house, and who never paid the money back? How about people who blew their rising home equity like it was a free atm? And then walked away when the bubble burst.

    The idea that the banks are the sole evil here is absurd. The idea that society needs to punish the shareholders of an acquiring company so many years later - is even more absurd. This is class warfare against people who worked and paid taxes and saved and invested. Why are there no criminal charges? Because they only thing the DOJ is interested in is money.
    Jul 10 11:28 PM | 4 Likes Like |Link to Comment
  • U.S. grounds the F-35 [View news story]
    By far the biggest waste is on entitlements. Military spending is a drop in the bucket compared to the enormous waste in our social services programs - many of which are gamed by the very people they are supposed to help. And this because the government is stupid enough to hand people money for nothing.. which (surprise!) keeps them coming back.

    The very crux of social programs is that they never hold people responsible for anything. So the COPD patient who smokes 2 packs a day gets hospitalized 3 times in 3 months - at a cost to taxpayers of over 30K. Cost to the patient? Nothing! In fact, we give the patient the money to smoke, so we are paying for the entire game. We pay for their living, their pills, their booze, drugs and cigarettes. Then we pay for their health care. Examples of this abound, because they are not the exception - they are the rule.

    Until they reform the system for benefit limits and enforce some level of responsibility, we will slowly watch America sink as it is held hostage. Not by the enemy from without, but by the enemy from within.

    It is disgusting for me to see a person who works and actually pays their own bills that must skip healthcare because the cost is outrageous. And then some druggie on disability can have unlimited health care and even free ambulance rides to and from the hospital. They don't pay anything whatsoever. So if they want to try to get a little dilaudid for a good time, they call 911. The taxpayers even suck up the cost to send them home by transport. And you better bet that they have asked for a pair of "those free hospital socks".

    Or heck, let's just print more money and use that to pay for this. That way it's free!
    Jul 5 01:13 PM | 7 Likes Like |Link to Comment
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