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  • Fear Not The Street: Bank Of America More Than Prepared For Upcoming Fine [View article]
    You need to consider that the legacy BAC before taking on Countrywide and Merrill to current ratios is not a fair comparison. On a per share basis including the exercise of all outstanding warrants it would still have it at a minimum of double the current market price considering cash flow and earnings before extra-ordinary items. Once the litigation claims are all settled - the ratios will be seen as ultra conservative and when provided with growth and fair market valuation we can easily see it a $100 stock within 5 years.
    Jun 19, 2014. 08:12 AM | 3 Likes Like |Link to Comment
  • Bank Of America Reminds Us That Value Investing Is Not Popular Investing [View article]
    The bank holds some real estate on their books at foreclosure debt levels that are almost always re-sold much higher. If they would mark to market on their bond portfolio you would find the book entries on the balance sheet are way too low during this fantastic bond rally on Wall Street. In the past few years their brick and mortar business that have been spun off or otherwise sold for cash have been at levels much higher than carried on the books. Asset values have been rising. And, the latest economic statistics indicates a rise in inflation - assets sold off will continue to be higher than carried on the books. The book value comparisons are too low. The stock price is ridiculously low and is only being held down by litigation settlement fear. When this blows away I predict a stock price in excess of $100/share within 5 years.
    Jun 19, 2014. 05:59 AM | 1 Like Like |Link to Comment
  • Supreme Court Seems Ready To Time-Bar Financial-Crisis Litigation For Bank Of America, Others [View article]
    The litigation will never end - its part of the business. The question is the risk reward ratio for the litigants. BAC wants to settle, get it out of the way. The Government should consider the amount set aside on the balance sheet that if returned to cash on the balance sheet and taxed could be more than a court award. BAC will rigorously defend itself until potential litigants over the mortgage/financial crisis see that the costs and risk of losing will out weigh the potential gain. When the litigants start seeking that their legal expenses does not justify the expense we will see the end to these billion dollar claims against the bank.
    Jun 18, 2014. 07:31 AM | 3 Likes Like |Link to Comment
  • Bank Of America: Buy Straw Hats In The Dead Of Winter [View article]
    These bankers are talking to each other on the golf course here in Charlotte.
    Jun 17, 2014. 08:52 AM | 1 Like Like |Link to Comment
  • Bank Of America Unprepared To Pay Billions, Outlook Dark For Shareholders [View article]
    Any decline will be a grand buying opportunity. With the litigation slate clean it would be set up for a buyout from one of the other big banks. That could double the share price overnight.
    Jun 16, 2014. 08:33 AM | 4 Likes Like |Link to Comment
  • It Appears As Though Shares Of Bank Of America Will Be Taking A Hit On Monday [View article]
    Didn't this news break on Thursday? You wrote this up on Friday/Saturday and I'm reading it on Sunday. I thought there would be a strong reaction but it ticked up on Friday. Will you be selling on Monday? Your piddly amount would do little and I will still be disappointed in it going significantly lower to add. Too slow and a dollar short is not the way to invest. But your ridiculous trading helps us. Keep up the good work, LOL.
    Jun 15, 2014. 09:45 AM | 7 Likes Like |Link to Comment
  • Bank Of America Is Running With The Bulls [View article]
    If we can go 5 years without another multi-billion $ settlement the stock will be over $100/share. Figure out the current value based on that!
    Jun 13, 2014. 08:59 AM | Likes Like |Link to Comment
  • Winnebago To Capitalize On Multiple Tailwinds [View article]
    This has been the story for a long time. Competitor Thor recently announced a disappointment in earnings because of logistical and component supply problems. WGO recently enhanced their supply lines and this has been a LT story. We need more buy and holders. This small cap stock is too volatile and any influence from this article or other analysis with the fundamentals you highlight could easily propel it back into the mid-30's by the end of the week. Its too late to get it cheap.
    Jun 10, 2014. 07:53 AM | 1 Like Like |Link to Comment
  • Duke Energy: The Horizon Looks Bright On All Fronts [View article]
    In the Charlotte Observer this morning - Duke to expanding their coal ash for concrete products business. Thinking of a processing plant. Another profit center from what all are thinking is a cost for disposal. I added this week.
    Jun 6, 2014. 09:25 AM | 1 Like Like |Link to Comment
  • Bank Of America: I Found Growth [View article]
    Another article on SA this morning points to the value of global banking business. With the ECB lowering rates - look for another push to the whole market and financial stocks getting more emphasis.
    Jun 5, 2014. 09:27 AM | 1 Like Like |Link to Comment
  • Bank Of America's Risk-Adjusted Profits Looking Up [View article]
    As far as cash flow and business ratios - they are certainly doing fine. The only thing that is needed is confirmation that the Government will toss the dog a bone instead of constantly kicking it.
    May 30, 2014. 10:24 AM | 3 Likes Like |Link to Comment
  • Bank Of America: Calling The Bottom [View article]
    Conference speaker touts "to big to fail." More and more big (tremendous) deals are going to come their way - there will be little competition. Fees and rates are to be set in monopolistic fashion. The Feds are taking their foot off the peddle on the litigation front. The next announcement on capitalization is still 75 days off to re-instate the prior dividend announcement to some extent . We have rebound off the bottom were I have added and also bought more "B" TARP warrants where I see another 5-10% rise near term to take profits. Glad to see the cheerleaders here but the market continues to rise on "beware" warnings from the analysts who are always wrong (impossible to be right in the market.) The wall of worry is about to start for the whole summer for us to see the market to continue to climb higher? I think BAC will outperform but I'm not betting the whole farm. I'll be selling with any significant rise for greener pasture that seems to be just holding cash for safety short-term. Josh, keep playing the fiddle for us here - I'm dancing all the way.
    May 28, 2014. 09:18 AM | Likes Like |Link to Comment
  • Bank Of America: Don't Be Bamboozled, Plenty Of Meat Left On This Bone [View article]
    Big weekend ahead for home buyers. Morgage rates for the popular 30-year ticked down. Looking for an upturn in closings with seasonal increase also pushing mortgage applications higher. Look for head line of additional people being hired by the mortgage units of this financial conglomerate.
    May 23, 2014. 09:30 AM | 1 Like Like |Link to Comment
  • Bank Of America: How Bad Is The Mortgage Situation? [View article]
    The rush to buy and refinance is over. There are a shortage of first time buyer construction. Most of the new homes going up in Charlotte are for those increasing their home equity. Values are increasing and low cost housing is being demolished to construct more up scale apartment complexes and homes. Median price of sales is increasing. The first new high rise since the financial crises in the "Uptown" area in Charlotte is breaking ground. Mortgage spreads are increasing. The land grab is gaining. Lets see - more real estate = more mortgage debt. The normalization of the mortgage market will see it at a greater level than before.
    May 22, 2014. 09:23 AM | Likes Like |Link to Comment
  • Bank Of America: How Bad Is The Mortgage Situation? [View article]
    The rush to buy and refinance is over. There are a shortage of first time buyer construction. Most of the new homes going up in Charlotte are for those increasing their home equity. Values are increasing and low cost housing is being demolished to construct more up scale apartment complexes and homes. Median price of sales is increasing. The first new high rise since the financial crises in the "Uptown" area in Charlotte is breaking ground. Mortgage spreads are increasing. The land grab is gaining. Lets see - more real estate = more mortgage debt. The normalization of the mortgage market will see it at a greater level than before.
    May 22, 2014. 09:23 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
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