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  • Bank Of America: Diamonds Are Forever [View article]
    Reasons BAC will continue to underperform...

    1. Huge Dilution cannot be reversed quickly will take many years if itcan ever be unwound.

    2.Cash bleed and asset didposal due to the legal problems (USD 75 Billion )

    3.BAC has become a regulated by the FED for the people...even under a new Republican President Senate Congress that will not change.

    4.The economic environment not great for financials, even if int rates move up a little will not make a huge difference to bottom line.

    5. Relatively low dividend will remain low for many years as FED has no confidence in BAC balance sheet.
    May 16, 2015. 02:59 PM | 2 Likes Like |Link to Comment
  • Bank Of America: Diamonds Are Forever [View article]
    In theory and on paper sounds good so why are we still struggling to hold on to the 16 buck bar ?
    My take...1.MASSIVE DILUTION i.e 1.7x more shares than before financial crisis so that the 24 target equates to 40 pre dilution and 44 equates to 75 pre dilution
    2. The real cash bleed of 75 billion would have taken down most companies ...amazing that BAC survived...that has seriously wounded BAC
    3. GE which pre crisis traded in line with BAC but had little dilution now trading at 26 after buying back 50 billion of shares...BAC now trading at the equivalent of 28 pre dilution...according to this article BAC should be outperforming GE by 50 % ...NEVER ?
    May 15, 2015. 07:18 AM | 3 Likes Like |Link to Comment
  • A Tale Of 2 Banks: Pondering Wells Fargo And Bank Of America [View article]
    We ll eventually get there, but may take a while 2/3 years before it hits the bottom line EPS...reason Massive dilution the share count has been multiplied by at least 1.66x...and do not forget that BAC has bled 92 billion in hard cash for all those legal problems...that would have killed off most companies, but BAC survived,,,but the pain from those wounds is raw and even 2/3 years to get back to 2 bucks per share may be optimistic...Only good for patient long term holders with 2015 now another writeoff year.
    Apr 28, 2015. 08:43 PM | 1 Like Like |Link to Comment
  • 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 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 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 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