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  • 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
  • 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, 2014. 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, 2014. 10:54 AM | Likes Like |Link to Comment
  • Bank Of America: Always Darkest Before The Dawn [View article]
    Maybe a sign for the Government to take the foot off the litigation peddle. No profit no taxes. More actual cash in reserves.
    May 6, 2014. 09:26 AM | 3 Likes Like |Link to Comment
  • Why Does Warren Buffett Still Hold The Bumbling, Stumbling Bank Of America? [View article]
    In your will - if you are of sound mind and body SPEND IT ALL!!!!
    Apr 30, 2014. 11:13 AM | 3 Likes Like |Link to Comment
  • Bank Of America: Buy The Panic And Take Advantage Of Mindless, Anxiety-Driven Selling [View article]
    "the company discovered an incorrect adjustment being applied in the determination of regulatory capital related to the application of the fair value option to certain legacy Merrill Lynch structured notes resulting in an overstatement of its regulatory capital amounts" What does this mean? Is this not marking to market the value of these notes? If so, why not mark to market all the assets of the corporation on a daily basis? That could double the value of their real estate assets alone!
    Apr 29, 2014. 07:56 AM | 2 Likes Like |Link to Comment
  • Fortune Favors The Bold, Buy Bank Of America [View article]
    The adverse news is welcome to a certain extent. The only other thing to keep away new law suits is to show that they are near bankruptcy so that a winning litigant would get nothing in a future claim. If the current Federal claim sees that weakening the bank would harm the economic recovery - maybe they'll shave a few billion off the settlement. With increased set asides to come, less or actually nothing will be going out for taxes. Characterization of debt and assets can be questionable but one thing that is not questionable is cash on hand. As the "trouble" continues watch the cash on the balance sheet grow hidden in reserves.
    Apr 29, 2014. 06:11 AM | 1 Like Like |Link to Comment
  • Can Winnebago Thrive In A Changing Market? [View article]
    The immediate impact will be a full charge to buy before rates go higher. Inventories will be depleted and the company would report a record quarter.
    Apr 28, 2014. 11:34 AM | Likes Like |Link to Comment
  • Cliffs Natural Resources' CEO Discusses Q1 2013 Results - Earnings Call Transcript [View article]
    "In the U.S., the demand from our customers is stronger than ever." $CLF $MSB
    Apr 28, 2014. 10:27 AM | 1 Like Like |Link to Comment
  • Stock Market Myopia: Why Investors Don't Understand Bank Of America [View article]
    Pure disgruntlement from not getting on the Board of Directors when your bank was merged into a most powerful financial organization.
    Apr 25, 2014. 09:47 AM | 1 Like Like |Link to Comment