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  • Buffett Backs Bank Of America  [View article]
    All the numbers are inaccurate. The book value is understated. This was proven in the Q report where real estate sales produced a profit over what was carried on the books. Not all bonds on the books are marked to market during a rising market price currently.
    Jul 18, 2014. 06:49 AM | 2 Likes Like |Link to Comment
  • Is Bank Of America The Best Banking Pick?  [View article]
    This will tell the tale -
    Jul 17, 2014. 08:38 AM | Likes Like |Link to Comment
  • Earnings Preview: Bank Of America Q2 2014  [View article]
    The insider ratio of sales last 12 mos. vs holdings at .0003% of the float is significant at approx. 1/4 of their holdings. But, there is a continuous flux of acquired shares and transfers to other family members. BAC insider holdings in general is extremely small in comparison to most companies listed on the NYSE.
    Jul 15, 2014. 06:31 AM | 2 Likes Like |Link to Comment
  • Earnings Preview: Bank Of America Q2 2014  [View article]
    Don't mess wid da Finger. Sour grapes strategy continues?
    Jul 15, 2014. 06:15 AM | Likes Like |Link to Comment
  • Bank Of America Bears Must Look At The Big Picture  [View article]
    5 years of increasing earnings and dividends will show it as a blue chip. See ya at $100//share.
    Jul 10, 2014. 03:06 PM | 1 Like Like |Link to Comment
  • 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