Time to Short Financial Stocks - Starting with BofA [View article]
BAC is a bad short because of the dividend factor as stated above.
Unless you have convictions that BAC's dividend would be cut - which I don't believe it will be true. BAC is a commercial bank and their debt security values on the books does not have to be marked to market every quarter (compare to investment/mega banks that do). Correct me if I am wrong though.
Time to Short Financial Stocks - Starting with BofA [View article]
Unless you have convictions that BAC's dividend would be cut - which I don't believe it will be true. BAC is a commercial bank and their debt security values on the books does not have to be marked to market every quarter (compare to investment/mega banks that do). Correct me if I am wrong though.