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Chris Kent

Chris Kent
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  • 10 Reasons Why I Think Bank Of America Is A Buy [View article]
    Who says you'll have to wait to see it hit 20? You may be able to short it today...
    May 8, 2012. 05:04 PM | Likes Like |Link to Comment
  • The Silver Lining Of Bank Downgrades [View article]
    I think maybe everyone took my comment a little too literally. When I used the term "UN related entity" it would not necessarily be the UN per se, although it could be, but generally speaking a consortium of established stable economies with a base line set of rules with regard to rating major international financial institutions. I'm not interested in having Afghanistan rate our banks.
    May 7, 2012. 07:48 PM | 1 Like Like |Link to Comment
  • U.S. Economy: 4 Simple Reasons Recession Lies Ahead [View article]
    Yeah, economy in neutral. Well stated.
    May 6, 2012. 11:55 PM | Likes Like |Link to Comment
  • The Silver Lining Of Bank Downgrades [View article]
    Guess I'm not up to speed with my slang. Legit mistake on my end.... I hope anyway.
    May 6, 2012. 11:11 PM | Likes Like |Link to Comment
  • The Silver Lining Of Bank Downgrades [View article]
    That is a good question, and a fair question. Obama would have it be a Czar of finance/ratings. Probably Barney Frank, and things would go from bad to worse.

    My feeling is it needs to be a UN related entity that oversees civilized country's financial entities and financials affairs on some type of a geo-political / geo-economic equal playing field.

    Probably will happen in about 50 years....
    May 6, 2012. 09:42 PM | Likes Like |Link to Comment
  • The Silver Lining Of Bank Downgrades [View article]
    I hope you're kidding. I would say that Barney Frank is 25-50% of why we are where we are right now. I can't put into writing how poor is financial "oversight" is. FAnnie and Freddie are government owned and managed b/c of Frank right now. He owns a substantial portion of the financial melt down too.
    May 6, 2012. 09:39 PM | 2 Likes Like |Link to Comment
  • 10 Reasons Why I Think Bank Of America Is A Buy [View article]
    On #1, general consensus was that the recent quarter results were not good. The stock took a hit that day on 4/19. A substantial part of the damage was done by debt related charges. Also, despite the fact that revenue declined by 17% it was still helped by accounting affects related to its own debt valuations and loss provisions, not "real" revenue in the sense of how a bank makes money: interest income, or fee income.

    On #3, most of the "hard data" that supports recovery on the S & P is profit based, not revenue based. 7% is about right based on what I have seen based on profit analysis. Most of those gains are on based on cost cutting, not revenue growth. Foreclosures are slowing b/c the banks are having a harder time putting them through due to their own inadequacies with regard to processing them properly, as well as the sheer volume of them in the court system.

    #4 is based on company employee info. Default swaps protect the disclosed positions for sure, but this is where the problem with default swaps lays: How many of the default swaps will survive a catastrophic failure in Europe, ie. will the companies that provide the coverage on the swaps pay?

    #6 the stress tests ARE stringent. If you ranked the passing mega banks, however, Bank of America was last. To me, this means they met the test requirements. They did not pass in "flying colors".

    #10 is a subjective opinion. I'm doubting number based on cuts on revenue producing areas that are considered "non core" to the business.
    May 6, 2012. 09:30 PM | Likes Like |Link to Comment
  • 10 Reasons Why I Think Bank Of America Is A Buy [View article]
    Monoliths to a failed endeavor. They should have just called all the big buildings Ken Lewis I, Ken Lewis II, Ken Lewis III, and so forth. That way we could have visual remembrance of his lack of intelligence and excess of ego.

    Seriously though, they are owned pieces of real estate, in some form, of Bank of America.
    May 6, 2012. 08:59 PM | Likes Like |Link to Comment
  • Comcast: Undervalued Oligopoly Thriving On Internet And Business Services [View article]
    I don't think that Comcast customer service is "bad" per se. I have them at my house, internet, phone, and cable like many people. Their tech service people are friendly, on time, and generally aggressive about trying to solve problems. They also seem to have quite a bit of technical savvy.

    My issue with Comcast is that carrying phone services qualifies them as a utility company. When you are carrying utility services to your customers, your response time to problems needs to be within certain parameters. There is no excuse for sloppy infrastructure when it comes to this manner of coverage.
    May 6, 2012. 08:54 PM | Likes Like |Link to Comment
  • The Silver Lining Of Bank Downgrades [View article]
    There should be a body that over sees the rating agencies. If there is one already they are doing a lousy job. While rating agencies play an important role, they have been hysterically inaccurate and almost uselessly late in their ratings of companies and their rated issues.

    Once again, the problem lies in the process and system, not necessarily the companies themselves, although some of the companies listed in this article are pretty weak.
    May 6, 2012. 04:36 PM | Likes Like |Link to Comment
  • Bank Of America: Is It In Or Out Of Favor Right Now? [View article]
    A little harsh on current management. They are doing what they can with what they are left with, but otherwise you are spot on.
    May 6, 2012. 01:13 PM | Likes Like |Link to Comment
  • In the disappointing jobs report, the most important statistic may have been the 63.6% labor participation rate, a 30-year low. Critics of the Obama administration are quick to seize on this as the “real” reason for the falling unemployment rate, but the downward trend has been happening for more than a decade as baby boomers have been retiring.  [View news story]
    This is the kind of statistic the government needs to track.
    May 5, 2012. 11:33 PM | 1 Like Like |Link to Comment
  • Bank Of America - Time To Short This Rally [View article]
    It paused alright... then slipped 20%. Good call. What's the next "arbitrary number?" And while your reading the tea leaves is the next moment of inertia for the stock price lower or higher than where it is right now?
    May 5, 2012. 10:10 PM | Likes Like |Link to Comment
  • 10 Reasons Why I Think Bank Of America Is A Buy [View article]
    I think if you are looking 3+ years out, and can manage to buy in the valleys, its a reasonable play, not with out risk though. This company is not out of the woods yet, and we are going into an election year. There is no guarantee that the government will be a back stop forever.

    The question then becomes are there better options out there? My feeling is that there are. Opinions are a dime a dozen and mine differ from yours. Time will tell what will happen. Most of your points denoted above are quite simply, not ones I agree with. Items 1,3,4,6, & 10 all are unsubstantiated or difficult to prove either way.

    The action on the stock, high volume, lots of options play, and low trading price compared to its peers all indicate that a level of risk is still apparent.
    May 5, 2012. 10:34 AM | Likes Like |Link to Comment
  • U.S. Economy: 4 Simple Reasons Recession Lies Ahead [View article]
    I agree with you in part. My bigger issue is not that the poor don't pay taxes, but that the non-citizens don't pay taxes. Many actually benefit from free public services while taking jobs from citizens that might have to pay taxes.

    I'm not sure what the net effect on our country's bottom line would be if we took a harder line on this issue, but I think we need to.
    May 5, 2012. 12:02 AM | 3 Likes Like |Link to Comment
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