Seeking Alpha

JamesChessing21

JamesChessing21
Send Message
View JamesChessing21's Comments BY TICKER:
  • 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 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 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
  • 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
  • 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
  • Bank Of America: Relief Rally Coming And Here's Why [View article]
    Just another 12,000,000, 000 ++++ from us shareholders , nothing to worry about a relief rally...to put it into context all these fines-settlements add up to almost half of BAC market cap which has been taken away from us shareholders...To any one that can add or substract...cannot be spun as good news...
    Jun 6 01:29 PM | 1 Like Like |Link to Comment
  • Bank Of America: I Found Growth [View article]
    Great , I agree with the article , the problem has not been the great assets, but instilling a Cohesive Corporate culture into the Bank...and that will take many years of dedicated hard work getting rid of the bad habits engendered by McColl, Lewis and friends...BAC was a vehicle to enrich top management and screw...scorch customers, investors, shareholders...I am a shareholder I believe in the ability of Moynihan to renovate the culture...but that will take many years of good Leadership...in that light I do not believe that Project new BAC must cut deeper in this digital age...
    Jun 5 09:59 AM | 1 Like Like |Link to Comment
  • Bank Of America: About To Pull A Rabbit Out Of Its Hat? [View article]
    Even if the dividend and share buyback are reinstated....investors are fed up with endless blunders...tangible book value / book value as we have learnt during the crisis, do not mean a damn thing...assuming we get CLEAN EPS of 1.56 per share in 2015 BAC because of its disastrous hiatory is worth no more than 10x I.e 16 bucks...and must have a dividend yield of at least 3pct ...50 cents in 2015. The rest is just bla..bla...
    BAC now a FedObama utility and a cash cow for DOJ SEC and Ambulance chasers etc.,
    Jun 1 12:08 PM | 2 Likes Like |Link to Comment
More on BAC by JamesChessing21
COMMENTS STATS
113 Comments
102 Likes