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JamesChessing21

JamesChessing21
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  • Bank Of America - High Margin Of Safety, High Return Potential [View article]
    I am a long-term holder ,but contrary to your advice I think the huge payments: legal expenses and fines have been a hard cash (75,000,000,000,000) blow for BAC almost 50% of current market cap, and it will take 3-5 years to get back to EPS of 2 bucks per share and do not forget that apart from the fines there was the nightmarish dilution...so that at say 16 today that share price equates to 27 pre dilution price and if it gets to 20 that equates to 34 pre dilution...
    Apr 16, 2015. 09:12 PM | Likes Like |Link to Comment
  • Demons Of Data Deception Belie Bank Of America's True Path [View article]
    I am a long suffering, long term shareholder, and still waiting (Waiting for Godot !!!)for my legal redress and financial compensation for the crazyness in the purchase of ML...nevermind the supposedly rational purchase of CFC...Throwing out insane figures like a share target of 26 seems intended to reassure the holders but is totally unrealistic...even crazy like the purchase of CFC...Before the full financial crisis BAC and GE were both trading in the 20s...now with relatively little financial crisis dilution and GE now buying $ 50 billion of shares and a huge one off divi GE only trading at +/- 28...when you take all the MASSIVE dilution at BAC and if you are correct in your remarks, you are saying that BAC should be trading at a pre-dilution equivalent price of $40...when GE can manage barely 28 ...that is why I say that it sounds insane. Apart from the massive dilution that is weighing on the share price BAC has forked out in hard cash approximately $ 75 billion (+/-50% of current market cap) this has severely sapped the strength of BAC, that s why we are getting a pathetic dividend and a pathetic share buy-back...add to this a low growth, low interest financial environment and a FED that must keep interest rates low due to their huge negative balance sheet and the steroid Obama increase in debt...18-20 trillion...never-mind unfunded liabilities.
    Apr 11, 2015. 12:51 PM | 2 Likes Like |Link to Comment
  • Previewing Big Banks Earnings Week Of April 13: Bank Of America Is The Largest Discount To Intrinsic Value [View article]
    I think you are correct : Banks have become more like utilities you buy for the yield and Bank of America has a comparatively low yield...the banking environment is difficult at the moment so earnings will remain unexciting... we must not forget that the huge dilution during the crisis (when the share count almost doubled) is weighing heavily on the share price...finally the huge legal costs and fines 75 USD Billion have severely weakened BAC...when you consider that is almost half the current market cap...the management calculated like everyone that they would quickly make it up as int rates normalize...WRONG !!! Earning are likely to be dull, at best next week, and please note even at $15.72 is +/- $23 in the pre-dilution share price...
    Apr 10, 2015. 07:05 PM | Likes Like |Link to Comment
  • Why Bank Of America Should Trade For $22 In 2015 [View article]
    BAC expertise in the game changing mobile technology remains thin on the ground...not one board member is from FB, Goog, Apple , Ebay generation...to rely on Apple would be a huge and destructive mistake...and BAC will become a dinosaur like KODAK...BAC must build it s own dedicated smart device which it gives to customers and the type / smartness of the device would depend on the customer ...these mobile devices have become relatively cheap and easy to make and could be given to customers free and more expensive branches closed...That is the future of banking, asset management and stockbroking.
    Dec 30, 2014. 12:54 PM | Likes Like |Link to Comment
  • 8 Major Reasons Why The Current Low Oil Price Is Not Here To Stay [View article]
    I said would go down to 40 but will now go much lower possibly to 30 yes 30 after all there is a huge glut and all producers are increasing production for budgetary survival !!!
    Dec 11, 2014. 09:46 PM | 2 Likes Like |Link to Comment
  • I Will Pass On Bank Of America [View article]

    A 3 year investment with the strong possibility of hiiting EPS of 1.60 next year and a dividend of 10 cents per quarter...or a yield of 2.85 per annum...that s what the Bulls are hoping for IMHO there is a 70pct probability we make these numbers...that s why I am holding on...
    Nov 11, 2014. 05:46 AM | 5 Likes Like |Link to Comment
  • Bank of America adds another $400M in Q3 legal expense [View news story]

    Anotherl charge even if not huge...still 400 million bucks psychologically bad for the share price...
    Nov 6, 2014. 07:21 PM | 2 Likes Like |Link to Comment
  • Mayo still a big bull on Citi [View news story]

    The Problems in Mexico will increase and sink CITI stock price !!!
    Oct 31, 2014. 05:14 PM | Likes Like |Link to Comment
  • 8 Major Reasons Why The Current Low Oil Price Is Not Here To Stay [View article]

    IMHO oil will test the USD 40 per barrel over the next 6-12 months...relatively not too long ago the Rockerfellers could not give it away for free when there was an OIL GLUT...we have one today...alternative production is creating this GLUT...Saudi Arabia like the head of any Cartel (i.e Sinaloa Drug Cartel) does not tolerate this and is determined to kill off competition...Yes down to 40 bucks ...that s the nature of the beast...
    Oct 30, 2014. 07:30 PM | 2 Likes Like |Link to Comment
  • Citigroup cleans house at Banamex [View news story]

    Having lived for a long time in Mexico their attitude to CITI is :money for free ... corruption, theft is acceptable if it s a non-Mexican company...that will never change..there will be a lot more losses at CITI Mexico...
    Oct 30, 2014. 06:57 PM | Likes Like |Link to Comment
  • Bank Of America: That Which Does Not Kill Us Makes Us Stronger [View article]

    Nothing New...need to back up with EARNINGS and DIVIDEND forecast 2015, 2016, 2017...
    Oct 24, 2014. 07:28 AM | Likes Like |Link to Comment
  • Bank Of America Earnings Mark The End Of An Era [View article]

    Yes...sounds good , but the Bottom Line what EPS and Dividend estimates for 2015 2016 2017 ...Please
    Oct 23, 2014. 07:32 AM | 1 Like Like |Link to Comment
  • Anatomy Of A Market Bubble [View article]
    The truth : when we came off the Gold Standard and politicians took charge of the money printing presses no one including the FED has the slightest idea what is going on...monetary policy is just a huge experiment and we the rats being used...
    Sep 20, 2014. 05:45 PM | 1 Like Like |Link to Comment
  • Bank Of America - Free To Power Up To $20 By Next Year [View article]
    The gist of the article is correct, but a lot of hope in there, the massive dilution will hold the price down here until we have at least a year or legal problem free earnings...markedly higher earnings and a dividend yield of at least 2.5pct. The current price 16 equates to roughly 27 pre-dilution...and 30 to 51...tne earnings remain to small tp support a price above 17...so be careful..
    Aug 28, 2014. 02:55 PM | Likes Like |Link to Comment
  • 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, 2014. 12:55 PM | 1 Like Like |Link to Comment
COMMENTS STATS
125 Comments
118 Likes