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  • 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
  • Bank Of America: Sum Of The Parts Segment Finale [View article]
    BAC in not a bank - its a financial conglomerate that is still in process of linking together its parts to offer superior customer financial services. Current performance in aggregate may seem horrible as you comment but the end result could be very superior compared to the banks you compare. Litigation expenses as they have been are coming to and end. Efficiencies too are continuing and will contribute to reduced costs. As much as profitability is currently being questioned, in today's Charlotte Observer, they are being criticized for sheltering earnings overseas to save on taxes. They also are sheltering too much in my opinion on the balance sheet for litigation set asides. The Merrill Lynch structured notes re- characterization created a tremendous write-off but in actuality, the cash position has not changed and that much less than expected is currently being paid out to holders. I see this as a grand investment opportunity and have been adding to my positions during this decline.
    May 20, 2014. 09:19 AM | 4 Likes Like |Link to Comment
  • Bank Of America's Fastest-Growing Profit Center [View article]
    Global markets liability set aside. How to make a small fortune - start off with a very large fortune?
    May 19, 2014. 08:59 AM | 2 Likes Like |Link to Comment
  • Bank Of America's Fastest-Growing Profit Center [View article]
    Give me the money instead of maintaining those contracts. I'll pay double. Futures is a losers game. For every winner there is a loser dollar for dollar except for commissions for the only winner - the broker. If you want to gamble look at the TARP warrants.
    May 19, 2014. 08:57 AM | 1 Like Like |Link to Comment
  • Bank Of America: Global Reach Adding 55 Cents Of EPS In 2014 [View article]
    Probably the biggest enhancement to earnings will be increasing mortgage spreads and the FHA pushing for more liberal terms to accommodate low income/potential homeowners. This was the problem that got the whole financial sector in trouble in 2008 but with BAC at the helm of Countrywide - this could be an enhancement. This gain to earnings may take awhile to eclipse the losses incurred from the litigation mess of the same. Immediate results in addition to what you site here will continue to be closing redundant branches and cutting surplus personnel. No more mortgage mess to clean up - so fire the lawyers and paper pushers. As future quarters turn more positive on the net, look for return of the proposed dividend level initially set this year and the stock buyback program that will take more shares off the market at a reduced price than if there was no recent accounting problem discovery. My objective to beat them to it.
    May 16, 2014. 08:12 AM | 1 Like Like |Link to Comment
  • Bank Of America: The Crowd Is Dead Wrong [View article]
    I bought the Bs today at the market low of $.72. All the stock has to do is rise by $.02/day before expiration and they'll be worth several dollars.
    May 15, 2014. 04:45 PM | Likes Like |Link to Comment
  • Bank Of America: The Crowd Is Dead Wrong [View article]
    The lower it goes the more I'll buy. I'm still short by a few thousand shares from my peak position last year. The cash is available in my account and ready to go.
    May 15, 2014. 04:42 PM | 1 Like Like |Link to Comment
  • Bank Of America: The Crowd Is Dead Wrong [View article]
    Many transactions are now covered by electronic banking. Their software and phone apps are ahead of the curve. This is why they are closing branches and laying off personnel. Teller banking is becoming a thing of the past.
    May 15, 2014. 04:36 PM | 4 Likes Like |Link to Comment
  • Bank Of America: The Crowd Is Dead Wrong [View article]
    For margin -
    I believe mark to market is the bid price for the asset that the broker can sell you out for the percentage equity requirement for the account.
    May 15, 2014. 04:33 PM | Likes Like |Link to Comment
  • Bank Of America: The Crowd Is Dead Wrong [View article]
    How'd ya do today? Bought the stock and the B warrants - both closed higher than my purchase price. Thanks for the added confidence that we are at a bottom.
    May 15, 2014. 04:27 PM | Likes Like |Link to Comment
  • Duke Energy: Energizing Your Returns [View article]
    Duke is playing it like a fiddle - a virtuoso. Renewables may not be profitable as fossil fuel plants but they do contribute to the grid and voters and regulators love it. This enables better review from regulatory commissions in their territories to get favorable rate increases. Duke has been tainted from the coal legacy but they have recently turned the corner were coal is becoming less than half of their generation energy source. My largest utility holing is a sure winner with an above average dividend yield that keeps increasing.
    May 15, 2014. 08:46 AM | 1 Like Like |Link to Comment
  • Bank Of America: Turnaround Is Imminent [View article]
    This is why he writes on SA. Its his only real cash flow in his business. Bad news and opinion gets attention and clicks to his tally.
    May 15, 2014. 08:36 AM | 1 Like Like |Link to Comment
  • Bank Of America: How Much Is The 'Thundering Herd' Worth? [View article]
    Josh, No doubt they are big and that could be the problem of overall management and the stock price. They have no immediate idea if a problem hits in one of their branches of the major portions not previously part of the bank - Merrill and Countrywide. OK, they have computers and telephones (some people actually still use that method of communication along with chit chat over martinis.) But it could be days or even a week and in the recent case years to discover an accounting error. I felt like getting up and asking during the annual meeting if it would be better to spin off the pieces to the stockholders - then I would know how to manage my investment in the goof at Merrill.
    May 15, 2014. 08:16 AM | Likes Like |Link to Comment
  • Bank Of America: The Crowd Is Dead Wrong [View article]
    The most recent accounting "correction" was hard to swallow. Anything else on the accounting side could permanently kill it. What we need is a daily mark to market tally on their assets. Ain't they got a computer to do it? My gosh - give me a list of the assets and I can do it in a spreadsheet. The tellers have to reconcile their drawer at the end of their shift and every transaction is counted, book entered and all debts and credits are in balance at the end of the day. With this, the accounting integrity would boost the stock price to a double overnight. If it was my business I would want to know what is going on with complete accuracy.
    May 15, 2014. 08:06 AM | 4 Likes Like |Link to Comment
  • Bank Of America: The Crowd Is Dead Wrong [View article]
    I too was skeptical as this article may seem pre-mature with the decline yesterday and weak in pre-market quotes. But, with your comment - it completely turned around my opinion and I'm inclined to buy on the opening.
    May 15, 2014. 07:58 AM | 9 Likes Like |Link to Comment
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