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  • 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
  • Bank Of America: Buy At Current Discounted Price [View article]
    We need to recommend a name change - from Bank of America to Bank of the Ukraine. Maybe that would send a message to the Justice Department that the policy of weakening USA institutions and strengthening our enemies is just not the way to.
    Apr 25, 2014. 09:05 AM | Likes Like |Link to Comment
  • Bank Of America: Another Sham Lawsuit Has Potentially Grave Implications [View article]
    Josh, what would happen if BAC digs in their heals and wins. How much effort is RI willing to put into a long drawn out case at tax payer's expense. We are getting to the end of this continuous litigation. BAC has to defend to show they are going to go all the way and any entity going against them will be risking the costs of litigation vs the amount of any settlement a court would allow. If the court goes in favor of the plaintiff and the amount awarded is smaller than the costs and effort to litigate - it would be the green flag for investors. It would show other "money grabber" hopefuls the folly of trying. No $2 bet on this horse race - I'm at the $50 window.
    Apr 23, 2014. 08:47 AM | 10 Likes Like |Link to Comment
  • Cliffs Natural Resources: The Good, The Bad And The Ugly [View article]
    May be a good time to switch to MSB. All domestic shipments on the Great Lakes. Winter shipping slowed and large amount of restocking needed by the Mills - some had to shut down. Large immediate demand to restock ore and build up larger inventory if another cold winter comes to avoid shut downs. Tonnage and price should do better than if dependent on foreign demand. The royalty trust shares are trading above both the 20-day and 200-day MAs. Share price seems to have stabilized and can rebound within 5-years to more than double and pay out a 7%+ yield on the way. $MSB $CLF $GNI
    Apr 22, 2014. 11:20 AM | Likes Like |Link to Comment
  • Bank Of America: Don't Be Fooled By Dead Cat Bounce [View article]
    Nice get the clicks article. But no great advice on how to start a position. Regardless of earnings, you don't have any real idea of what to expect. After earnings may be less risky. With the recent decline from the highs set earlier, the shorts would cover in decreasing their risk before earnings. But for a new investor establishing a position, its an excellent opportunity. The risk of not getting the low can be offset by establishing an acquisition strategy. For a small investor, buying some now and wait to buy more after the report may work well. That way regardless of price and profit - you are guaranteed of not being wrong unless the price remains exactly the same and kicking yourself that you could have saved a brokerage commission for not buying it all at once, LOL.
    Apr 15, 2014. 08:12 AM | 1 Like Like |Link to Comment
  • Cliffs Looks Like An Attractive Long-Term Investment [View article]
    Another way to play it is MSB. They just announced no distribution for the recent Winter quarter that is seasonal and hit with abnormally cold weather. Depleted stocks have closed some mills. There should be a sharp rebound in demand and price. The shipping capacity is limited but will go full blast. $CLF $MSB $GNI
    Apr 14, 2014. 08:27 AM | Likes Like |Link to Comment
  • Stay Away From Cliffs Natural Resources [View article]
    Will probably hit Canadian operations only. MSB Rebounding from seasonal low. $MSB $CLF $GNI
    Apr 10, 2014. 09:50 AM | Likes Like |Link to Comment
  • Bank Of America: The Past And The Future [View article]
    Nothing new to spur the stock. They need to be more aggressive on the buybacks. The dividend news was as expected or slightly less - this makes it not a dividend stock for income investors. So who new is buying it?
    Apr 9, 2014. 10:09 AM | 2 Likes Like |Link to Comment