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  • Bank Of America: Strengths, Weakness, Opportunities And Threats [View article]
    Ha. About $2.50 to $4.00 with all the present headaches. The $7 is for folks who can's see the steeplechase before they ride past the $11 mark again.
    Sep 9, 2011. 05:42 PM | 1 Like Like |Link to Comment
  • Pierce The Bank Of America/Countrywide Veil? No ... [View article]
    Mr. Sullivan is clear, concise and expert in his analysis. I wish I had a guy remotely like him to help me with some issues I have in Europe.

    However, I would ask him to just stay tuned. The law is like an onion. And this comes from someone with tens of thousands of shares in BAC. Prayers are appropriate.
    Sep 2, 2011. 01:20 PM | 3 Likes Like |Link to Comment
  • Reuters reports, BofA (BAC) lawyers were aware as early as January that AIG was going to file suit for more than $10B. The lender made no mention of the potential suit in a quarterly filing made just 4 days before the suit was actually launched on August 8. The rules are opaque, but some lawyers believe BofA had an obligation to disclose the threat.  [View news story]
    You people know the 10K ans annual rep boiler plate. The standards are NOT 10 BILLION DOLLARS opaque!

    Well maybe the real estate lawyers were misleading our lambs in the general counsel and exec offices.

    Somebody needs to ask some questions of those boys.
    Aug 30, 2011. 06:21 PM | Likes Like |Link to Comment
  • Citigroup takes its whacks at the big bank pinata, cutting Q2 earnings estimates on Goldman Sachs (GS), Morgan Stanley (MS) and JPMorgan Chase (JPM). Although Citi cut share price targets for GS and MS, it believes each bank’s price already is so battered that lower expectations may not hurt the stocks much. But today: GS -1.4%, MS -1.1%, JPM -0.9%. (earlier)  [View news story]
    Yes, but this is apparently predicated on commodities and not Greek or Euro fallout. See/ All kinds of ways to lose money. The stock of MS should be at 32 or so. And GS under $140 seems cheap. Maybe we need another bailout.
    Jun 20, 2011. 05:28 PM | Likes Like |Link to Comment