Seeking Alpha

MexCom

MexCom
Send Message
View as an RSS Feed
View MexCom's Comments BY TICKER:
Latest  |  Highest rated
  • 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
  • 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
COMMENTS STATS
3,058 Comments
2,934 Likes