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billmichael

billmichael
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  • Bank Of America Earnings Update: It Beats Estimates But Does That Matter? [View article]
    From what I read elsewhere it would appear that BAC made a pot full of money but elected to set aside a significant portion for litigation expenses. I don't fully understand some of the figures I've looked at so if I am wrong please correct me. It appears that if it hadn't been for the 19 cents per share that was set aside the total net would have been about 42 cents per share which is higher than last quarter. You must not be doing that bad when you can manipulate your own profit margin to your advantage. I took advantage of the drop to load up on more shares. No other bank offers the upside that BAC offers right now. Settling with the DOJ remains the last major hurdle and I think the light at the end of the tunnel is starting to appear in the distance. I suppose there are better places to put your money but if you can wait a little while I think BAC stock will double in a few years plus it will start paying dividends. That's just my two cents.
    Jul 16 03:57 PM | Likes Like |Link to Comment
  • Bank Of America: Get Out Now, The Bank's Coffin Is About To Be Nailed Shut [View article]
    Boy Oh Boy, it would be sooo nice for BAC to spring the trap-door on Countrywide Financial. "Poetic Justice" it would be for all the leeches chasing their pound of flesh.
    Jul 14 09:46 PM | 1 Like Like |Link to Comment
  • Bank Of America: Get Out Now, The Bank's Coffin Is About To Be Nailed Shut [View article]
    Me, too. Long since the $8.00 range.
    Jul 14 09:44 PM | Likes Like |Link to Comment
  • Bank Of America: Damned If They Do And Damned If They Don't [View article]
    Let's not forget the November elections. There could be massive upheaval and changes in policy then.
    Jul 10 04:15 PM | Likes Like |Link to Comment
  • Bank Of America Has Been Dead Money For 20 Years: Did They Fire The Right People? [View article]
    Just remember that when the time comes that Bank of America is out of the woods and priced right as it should be, it will probably cost a lot more than what it does now.
    Jul 2 11:57 AM | 3 Likes Like |Link to Comment
  • Bank Of America Has Been Dead Money For 20 Years: Did They Fire The Right People? [View article]
    As soon as I saw the headline I knew it must be Don Dion grinding his ax about Bank of America. For those of you who don't normally read Don's articles, he never has anything nice to say about Bank of America, never, ever. If you research his posts, you'll find he is on something of a one-man vendetta against Bank of America with dozens and dozens of posts about the most vile, dark, and evil aspects of BofA's activities. He must have an ulterior motive because no one would waste so much time bashing a company unless revenge or bitterness were in their heart. Bryan Moynihan must have beat him really bad a a game of golf or something.
    Jul 2 11:53 AM | 14 Likes Like |Link to Comment
  • BofA guts LAS unit in Charlotte [View news story]
    Wow, that's gotta hurt. 540 good paying jobs down the toilet and 540 families now without a bread winner. I wonder how many homes will be up for sale in the Charlotte area?
    Jun 25 05:47 PM | 2 Likes Like |Link to Comment
  • It Appears As Though Shares Of Bank Of America Will Be Taking A Hit On Monday [View article]
    I agree with you. In fact, I bought more shares this morning at what I feel is a bargain price.
    Jun 16 10:08 AM | Likes Like |Link to Comment
  • It Appears As Though Shares Of Bank Of America Will Be Taking A Hit On Monday [View article]
    The news didn't "break" last Friday at midnight. There were reports as early as the 11th of June and up to that point BAC was shooting up then leveled off to about 15 and some change. ( See: "Bank of America Growth Challenges Go Beyond $17 Billion for Feds BY Dan Freed | 06/11/14 - 03:17 PM EDT, The Street" ). It makes no sense to me why the DOJ is trying to strangle a bank that the other half of government just spent billions to bail out. Everyone wants their pound of flesh, must be. Maybe the DOJ is trying to make the larger case of banks that are too big to fail and it is using BAC to do so. The DOJ could be wanting to justify "breaking up" the big banks. The Obama Administration is already in control of healthcare and energy in this nation, perhaps they are going attempt to take control of the banking industry via regulation and are laying the groundwork to support their goals. "The Ends Justifies the Means...???"
    Jun 15 10:31 AM | 2 Likes Like |Link to Comment
  • Bank Of America: About To Pull A Rabbit Out Of Its Hat? [View article]
    I just wish I had sold BAC in March so I could buy it all back in May. I could have made money coming down and then going back up. Oh well, can't turn your back for a moment. I am sure I'll get the hang of this yet.
    Jun 1 01:17 AM | 4 Likes Like |Link to Comment
  • I Might Very Well Be Wrong About Bank Of America [View article]
    "This worries me." "When people talk about BAC going 'down' it has gone 'up'." "Now that the talk about BAC is about going 'up'..."
    "Oh! What to do, what to do..."
    May 27 10:48 PM | 1 Like Like |Link to Comment
  • Bank Of America Preparing To Write A Big Check- Take Some Profits [View article]
    Don has a grudge against Bank of America and uses every opportunity in these pages to vent his frustration with the company.
    May 16 04:35 PM | 4 Likes Like |Link to Comment
  • Bank Of America Preparing To Write A Big Check- Take Some Profits [View article]
    You must not follow Don Dion that much. He's been bashing Bank of America for months and months. There is no way you could say you weren't warned about BofA if you had been reading Don Dion on a regular basis.
    May 16 04:16 PM | 8 Likes Like |Link to Comment
  • Bank Of America: Top 3 Annual Meeting Takeaways [View article]
    My one regret is that I didn't sell in March when the stock peaked above $18 per share. I could have bought back in today and made a bunch. It doesn't pay to be the deer looking into the headlights. Oh well.
    May 7 08:44 PM | 1 Like Like |Link to Comment
  • Bank Of America: What Should Shareholders Do In Light Of Recent Events? [View article]
    Yeah, what about that? Who else wants to rape this cow...???
    Apr 30 04:10 PM | 1 Like Like |Link to Comment
COMMENTS STATS
109 Comments
212 Likes