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MrWittyOne

MrWittyOne
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  • Bank Of America Will Continue Its Rise [View article]
    BAC is hardly out of the woods. Recent reports that in the beginning of 2014 the govt will file another lawsuit against several of the big banks including BAC. Also BAC still has a case that AIG is disputing the settlement that is now in the judges hands and could possibly hand BAC a negative result and cost them billions more. While this stock has had a nice run in recent months it has lost <5% recently and I see it losing more before it will run up into the 20's
    Dec 6, 2013. 08:32 AM | 1 Like Like |Link to Comment
  • Bank Of America Hammered By The United State's FHFA [View article]
    RBF, the same can be said for the appraiser who did drive-by appraisals to place values on people's home without really looking at it. As a builder who is still sitting on houses, I can tell you horror stories of appraisers and their unethical business practices. So, it's not just the rating agencies, it's also the appraisers.
    Nov 8, 2013. 11:02 AM | Likes Like |Link to Comment
  • Bank Of America: A Bank Fit For Investment [View article]
    Buffet also got preferred shares not common stock. It's going to be the common stock that pays the price by no increase in value. His preferred can be converted but not without him making a lot of money in the conversion.
    Nov 7, 2013. 01:07 PM | Likes Like |Link to Comment
  • Bank Of America: A Bank Fit For Investment [View article]
    I'm with Regarded Solutions, this stock is dead money. It has too many legal expenses and any revenue they receive will go toward paying settlement after settlement. This will leave the common share holder with nothing more than a number of shares with no increase in value and with a dividend of next to nothing. Until all the litigation is resolved this stock is worthless for investors.
    Nov 7, 2013. 10:43 AM | 3 Likes Like |Link to Comment
  • Bank Of America: Why The 'Dead Money' Thesis Is Short Sighted [View article]
    Josh, what are your sources for knowing BAC is buying billions of shares every qtr? I've yet to find anything.
    I've owned this stock for a few years now and have read both yours and RS article. I have been disappointed in this stock. It is so hated by so many no one wants to put their money into it raising the price, also, all these cost cutting measures BAC is doing is helping fund all the litigation claims it has against it, so the money they are saving by paying off their debt is only paying off more debt leaving us shareholders with nothing, dead money......
    Oct 28, 2013. 09:21 AM | Likes Like |Link to Comment
  • Bank Of America: Dead Money At Best [View article]
    As long as there is a Democrat in office the banks are dead money. POTUS Gulligan will never remove his foot from their throat and will encourage Congress (Senate - Democrat majority) to step on it next to his. Don't believe me look at the state the economy is in.
    Oct 26, 2013. 11:41 AM | 1 Like Like |Link to Comment
  • Bank Of America: Dead Money At Best [View article]
    I would hold a small position just to see what happens with it like I'm doing now. As a beginner, I'm learning there are other places to put my money and make more off it rather than .04 a year in dividends.
    Oct 25, 2013. 08:11 AM | 1 Like Like |Link to Comment
  • Bank Of America: Dead Money At Best [View article]
    I couldn't agree more with the author. I've owed this stock for a few years and have been disappointed in it's movement. Now with yesterday's ruling I see this stock going down at the common share holder's expense.
    Oct 24, 2013. 01:59 PM | 3 Likes Like |Link to Comment
  • Bank Of America: Take Profits Now [View article]
    Does that mean we should take profits at $15???
    Jul 22, 2013. 05:59 PM | 2 Likes Like |Link to Comment
  • Will Bank Of America Break $14 And Fly On Earnings? [View article]
    Good article, but what about the added capital requirements Congress just imposed on the banks. How does BAC with those?
    Jul 14, 2013. 11:40 AM | Likes Like |Link to Comment
  • Why Bank Of America Shares Might Plunge Again When Earnings Are Reported [View article]
    Heliskiier, I have to disagree with you. WFC holds my mortgage, and trying to get a refi was a joke. I applied for a VA streamline. That means no money back just a lower rate. It took 6 months and two letters to the CEO to get this thing done. That was on top of the 3 letter to him, 16 phone calls and a visit to my branch because they mixed my mortgage and credit card payment. WFC is a joke. The people are unskilled and ill trained. I wouldn't recommend them to anyone.
    Jul 13, 2013. 11:11 AM | 1 Like Like |Link to Comment
  • Is Bank Of America Worth Looking At? [View article]
    Historically, BAC is down when reporting doesn't matter if numbers are good or bad. Best time to buy is a week after earnings and sell 2 weeks before, just my opinion from what I'm seeing in the stock
    Jul 11, 2013. 05:22 PM | 1 Like Like |Link to Comment
  • Bank Of America: Take Profits Now [View article]
    Chancer, Think of litigation as a chess game, it's not built on speed. litigation is a crazy thing with a lot of ups and downs. It will be the headlines for a while then it will what seems like it fell of the face of the earth. It's all part of the process as the attorneys digest the info and plan their next move. As for Moynihan, I believe he has a lot on his plate as he came into a sinking ship. He's no longer putting holes in his boat which is a good thing, but what the employees are doing to their customers right now is pretty much coming from middle management I believe. I don't think it is him although he may catch the brunt of it. I encourage you, if you have been treated badly by them, to write a letter to Moynihan and tell him about it as he might not know what is happening. I have done this in the past and had great results.
    Jul 10, 2013. 12:18 PM | 4 Likes Like |Link to Comment
  • Why Bank Of America Shares Might Plunge Again When Earnings Are Reported [View article]
    Get to the back of the bus. You can buy at 13-15 like everyone else did
    Jul 8, 2013. 07:52 PM | 3 Likes Like |Link to Comment
  • Bank of America's (BAC) Article 77 hearing on whether its $8.5B MBS settlement will be upheld resumes today after a near one-month hiatus. The big news during the break was BofA's refusal of the judge's suggestion it engage in mediation talks with the Objectors (among them AIG). The Objectors were happy sit down, suggesting they're just looking to get a few more dollars, but BofA clearly likes where the case is headed. [View news story]
    BAC likes where it's headed. Ya, either AIG can take what is being offered or can get less when it has to re-file as a creditor in a bankruptcy of Countrywide. Take your pick.
    Jul 8, 2013. 08:22 AM | Likes Like |Link to Comment
COMMENTS STATS
39 Comments
63 Likes