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  • Bank Of America Reports Second Quarter Earnings, But Wells Fargo Is A Better Investment [View article]
    I love the analyst target prices. They are never wrong. Never say when (to be accurate) and if you do say when it will go up - never say how much. But when I invest I'm always wrong. Its the management of investing that is the real challenge.
    Jul 9, 2014. 08:39 AM | 2 Likes Like |Link to Comment
  • Bank Of America - As Deutsche Turns Bullish, I Remain Cautious [View article]
    The author is correct in the analysis of the current situation and the risk. What we need is an end to the litigation, increasing earnings, a return of excessive set asides on the balance sheet to cash assets and a steadily increasing dividend for 5 years for it to be an established value investment. While he waits for that to happen the stock price at that time should be close to the $100 level. But what if it doesn't happen? Is it a 10% risk (OK expectations should be marked down to $90). A 20% risk (OK expectations should be marked down to $80). If you are very pessimistic at 50% risk expectations should be $50. At a $16 current stock price that would amount to his not attaining a minimum of better than a double of the investment within 5 years and the possibility of an investment being 6 times its current value. This is why brokerages are setting their current price targets in the 20's. It is considered a very risky investment with current fundamental metrics. I believe it would be very difficult to find a current value investment anywhere close to the potential of BAC. I doublt that I would maintain as large as a position as I now have when BAC achieves the metrics he desires at a greatly increased stock price.
    Jul 4, 2014. 10:38 AM | Likes Like |Link to Comment
  • Bank Of America: Handicapping Capital Returns [View article]
    I'm looking for a stockholder takeover. Force the liqudation of the whole company. The assets can be sold off for stock in other companies.
    Jun 30, 2014. 09:30 AM | 3 Likes Like |Link to Comment
  • Why Bank Of America's Fair Value Is $19 [View article]
    The litigation doesn't seem to stop. Another whole year of earnings is getting wiped out. This gigantic pot of assets produces nothing for stockholders. We have to stop this litigation mess. If I owned the whole company I would seek to max out the litigation set aside make it an insolvent business and declare bankruptcy. This should slow down the litigation. Then start making deals to spin off the assets to settle claims. I think we could find them worth more in the market then if BAC is kept whole. Deals with other banks, brokerages and mortgage companies to spin off the bricks and mortar can be paid out to the stockholders in the other company's stock. I can't believe that Goldman, Citi and Wells are at lower financial ratios. The pieces in my estimation would be an immediate double in market priced stock equities.
    Jun 29, 2014. 03:14 PM | Likes Like |Link to Comment
  • Top 6 Mexican Stocks Worth Buying [View article]
    Not much interest in Mexico? It was the key to my fortune. I encourage readers to look at my unpublished articles here on SA. $GMK
    Jun 26, 2014. 08:59 AM | 1 Like Like |Link to Comment
  • Bank Of America: Real Value Hemmed In By Litigation Issues [View article]
    Now we know why your name is "craven."
    Jun 25, 2014. 08:22 AM | 1 Like Like |Link to Comment
  • 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
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