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  • 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 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 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 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 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 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 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 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 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 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 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 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 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 07:58 AM | 9 Likes Like |Link to Comment
  • The Law Of Gravity [View article]
    Just one point to consider. There is still lots of cash on the sideline and these companies still pump out the dividends. The rise in real estate prices is ebbing. The stock market is the only place to get a return for your money. Baby boomer retirements are starting to peak and have a long ways to go. They are clamoring for yield and every indication in the past two years that rates are going to rise has been met with additional credit loosening from the Fed with lower interest rates. Yes, what goes up will come down - a very accurate forecast as long as you don't say when.
    May 12 06:36 AM | Likes Like |Link to Comment
  • Long-Term Strategy to Accumulate Bank of America - BAC [View instapost]
    Taking another look at the situation since the announcement after rescinding the dividend increase, I took another look to see what it will take to have the "B" warrants have any value before expiration. Running a spread sheet - this past year the average daily change in the warrant price is zero. The warrants have maintained their recent value.

    To reach the redemption value of $30.79, the stock price needs to rise slightly less than a penny per calendar day (albeit that the number of trading days of the NYSE is substantially less.) At an average stock price increase of 2 cents per calendar day. At stock price of $47.05 would be realized to make the warrant value $16.26.

    This is certainly in the rang of possibilities and could even be exceeded. Coming off the recent low created by the shock of the accounting error - the rebound could be worth a $2 bet.

    May 9 10:54 AM | Likes Like |Link to Comment