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JamesChessing21

JamesChessing21
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  • Bank Of America Is Nearly 'Off The Hook' [View article]
    I am a long term owner at around 15 the correct price as all this news is already baked in the price...BAC is now a heavily FED regulated utility and past price comparison are not useful, but think about this the 15 equates to approximately 30 predilution...S&P puts the operating earnings at 1.35 per share for 2015 x 12 gives a target price of 16 NO MORE...and that would put the gross dividend yield at 1.25 pct not a great payment to protect agains downside risk...and do not be naive enough to believe that Holder...Obama will not come back for more extortion...so in this new environment it would be cautious to continue building legal reserves and loan loss reserves...with the new concept of Living Wills for banks...it is very likely that another financial crisis induced by the insane policies of the FED will again mean that again BAC equity is worth 0 , but this time there will be no BAIL OUT !!! The STEROID FED MONEY PRINTING MACHINE WOULD MAKE ME DOUBLY CAUTIOUS:::
    Aug 7 12:55 PM | 1 Like Like |Link to Comment
  • Bank Of America To Take Out Their Checkbook, Buying Time In Sight [View article]
    I am a long term owner at around 15-16 the fair price as all this news is already baked in the price...BAC is now a heavily FED regulated utility and past price comparison are not useful, but think about this the 15 equates to approximately 30 predilution...S&P puts the operating earnings at 1.35 per share for 2015 x 12 gives a target price of 16 NO MORE...and that would put the gross dividend yield at 1.25 pct not a great payment to protect agains downside risk...and do not be naive enough to believe that Holder...Obama will not come back for more extortion...so in this new environment it would be cautious to continue building legal reserves and loan loss reserves...with the new concept of Living Wills for banks...it is very likely that another financial crisis induced by the insane policies of the FED mean a repeat of history BAC equity again worth 0 , but this time there will be no BAIL OUT !!!
    Aug 7 12:40 PM | Likes Like |Link to Comment
  • Why I Bought Shares Of Bank Of America Today, And You Might Want To As Well [View article]

    I am a long term owner at around 15 the correct price as all this news is already baked in the price...BAC is now a heavily FED regulated utility and past price comparison are not useful, but think about this the 15 equates to approximately 30 predilution...S&P puts the operating earnings at 1.35 per share for 2015 x 12 gives a target price of 16 NO MORE...and that would put the gross dividend yield at 1.25 pct not a great payment to protect agains downside risk...and do not be naive enough to believe that Holder...Obama will not come back for more extortion...so in this new environment it would be cautious to continue building legal reserves and loan loss reserves...with the new concept of Living Wills for banks...it is very likely that another financial crisis induced by the insane policies of the FED will again mean that again BAC equity is worth 0 , but this time there will be no BAIL OUT !!!
    Aug 7 12:28 PM | Likes Like |Link to Comment
  • BofA reportedly near $16B-$17B deal with DOJ [View news story]

    Wild speculation by greedy investors should have also taken some of the blame !!!
    Aug 6 04:45 PM | 2 Likes Like |Link to Comment
  • BofA reportedly near $16B-$17B deal with DOJ [View news story]

    More shareholder bacon down the 0bama drain...it sets a precedent, do not be naive enough to think that 0bama s DOJ, SEC , Ambulance Chasers will not come back for more...BAnk of America is now 0bama s bitch !!!
    Aug 6 04:22 PM | 13 Likes Like |Link to Comment
  • Krugman's Latest Debt Denial: Why His Two Magic Numbers Don't Cut It [View article]
    0000000000000000000bama has added steroids to the US economy piling up debt and putting the money printing on over time...it s not showing yet but the US economy will suffer the same fate as Zimbabwe when treasury, bond buyers wake up to their collective stupidity...Weimar Republic coming it s a question of when the s... will hit the fan...NEVER EVER HAS A COUNTRY OR STATE MANAGED TO REDUCE DEBT WITHOUT GOING BANKRUPT FIRST !!!
    Jul 25 12:29 AM | 1 Like Like |Link to Comment
  • Bank Of America Is Still An Attractive Pick [View article]

    12 maybe 13 billion no more...Moynihan should fight the gouging of shareholders by DOJ...even if it takes years and 0bama , Holder will be soon be gone...and lose control od the Senate...FIGHT FOR SHAREHOLDERS !!! I think a 17 billion settlement would be a DISASTROUS PRECEDENT and A TRAVESTY !!!
    Jul 24 11:52 PM | Likes Like |Link to Comment
  • Bank Of America - Earnings Shortfall Driven By New 'One-Time' Litigation Charges [View article]

    If it s run by an African American or Latino...Obama will give BAC all it wants and 50,000 kids...
    Jul 16 05:59 PM | 2 Likes Like |Link to Comment
  • Bank Of America - Earnings Shortfall Driven By New 'One-Time' Litigation Charges [View article]

    Great article a lot of investors forget the huge dilution, the disposals, the FedObama interference and restrictions to the banking industry, the lack of a real dividend and bottom line earnings...that may change in the future a new competent President would be a great start...and do not forget that the FedObama has no fricking idea what they are doing...
    Jul 16 05:56 PM | Likes Like |Link to Comment
  • Earnings Preview: Bank Of America Q2 2014 [View article]

    management seem to be good at beating lowered expectations...and soon we ll know about our still measly dividend of 5 cents a quarter and the DOJ settlement...a lot of important news...which could go either way...
    Jul 14 07:48 PM | 1 Like Like |Link to Comment
  • Citigroup Prepares To Write Obama A $7 Billion Check; Investors Should Steer Clear [View article]

    C is deffinitely too large to manage...there will be many more problems like the one in Mexico...Gringo loans is free money ...as far as BAC is concerned I am hoping that they put up a fight against the DOJ even if it takes years 0bama will be out of office and the political business landscape will change in favour of BAC...We all know BAC was forced to buy save ML and CFC...and now being doubly punished...
    Jul 9 08:31 PM | Likes Like |Link to Comment
  • Bank Of America Reports Second Quarter Earnings, But Wells Fargo Is A Better Investment [View article]
    Great article the facts...no hype !!! Optimistically in 3 years but more likely 5 years BAC will be a solid investment like WFC with a dividend yield of 3 pct...
    Jul 8 11:41 PM | 3 Likes Like |Link to Comment
  • Bank Of America Has Been Dead Money For 20 Years: Did They Fire The Right People? [View article]

    It s better to smell the coffee if you are a long term investor in BAC...no meaningful dividend, no bottom line earnings....but I do have faith in the Moynihan turnaround plans...but maintain that at 16 fully priced until we see the money i.e divi of at least 10 cents a quarter and bottom line earnings of 1.55 in 2015....
    Jul 2 11:44 AM | 1 Like Like |Link to Comment
  • Fear Not The Street: Bank Of America More Than Prepared For Upcoming Fine [View article]

    Fact is the 60-80 US Billion really hurts...YES !!! many years after the financial crisis we BAC shareholders have a measly 4 cent dividend and virtually no bottom line earnings...manana...ma... to this smug article we shareholders are in shock at the loss of our dividend yes we are hurting...a lot of our wealth has been wiped out...but no one is panicking...BAC is priced fairly !!! it will take many years to turn this huge ship around !!! only for the patient...
    Jun 19 07:30 PM | Likes Like |Link to Comment
  • It Appears As Though Shares Of Bank Of America Will Be Taking A Hit On Monday [View article]
    I think this article is right on ... maybe Moynihan and board should tell Obama...Holder s DOJ in polite legal language to go F themselves and FIGHT this even if it takes many many years...after all the Fed...Treasury forced these deals on BAC...Sometimes you have to give bullies a good punch in the nose to shut them up...let them bring their civil complaints...when the dust settles we ll find that housing bubble greed was spread far and wide not only in the banks...but I reiterate that BAC worth 10x 1.50 (2015 EPS) maximum and must have a dividend of at least 30 cents per share in 2015 just to support the current price...
    Jun 15 02:25 PM | 1 Like Like |Link to Comment
COMMENTS STATS
111 Comments
101 Likes