Bank Of America: You'll Pay Up When The Consensus Gets Cheery [View article]
Very informative analysis and an outstanding article. Thanks for this valuable contribution and a reaffirmation of my sanity in holding a sizable position!
Bank of America (BAC) is engaged in "accounting arbitrage" says Manal Mehta, reserving far less for legal cases than it may have to pay out. If regulators forced the bank to properly account for the possible losses, it's likely they would disallow any capital returns and force BofA to continue socking away its profits. [View news story]
Really benitus; a leopard does not change its stripes? Except that it would be more accurate to understand that we're not talking about the same cat here. It's a whole different leopard.
Offerings Continue At American Capital Agency Corp. [View article]
Thanks for your article Mike, and to the comments by Kenney1037. Both offer exactly what I was looking for to maintain my confidence in my long position on AGNC!
Will Armour Residential's Repurchase Program Offset Its Dividend Reduction? [View article]
Thanks for writing this timely article. I read a number of SA articles on mReits and ARR but I am still relatively new to the mechanics of the financials. Can you tell me if there is any benefit of the 17% discount to book value of ARR's current share price to its financial strength, long term share price, or its dividend yield? Thanks.
Bank Of America - Under-Reserved And Overvalued [View article]
It would be helpful to your argument to compare your valuation of B of A with other mega banks so that the reader has some frame of reference and a more objective assessment of your analysis.
I'll be happy with $12 by the end of 2012. I remain long on BAC in a Roth. There is no doubt in my mind that there will be a payday in the future, sooner than expected. No metrics, just gut feel.
Compass Diversified (CODI): Q4 EPS of $0.36 may not be comparable to consensus of $0.33. Revenue of $215.5M (+15.9% Y/Y) beats by $51M. (PR) [View news story]
Anyone know why the recent fall in share price. I can't seem to find anything that points to anything in particular.
Will Armour Residential's Repurchase Program Offset Its Dividend Reduction? [View article]
Bank Of America: You'll Pay Up When The Consensus Gets Cheery [View article]
Bank of America (BAC) is engaged in "accounting arbitrage" says Manal Mehta, reserving far less for legal cases than it may have to pay out. If regulators forced the bank to properly account for the possible losses, it's likely they would disallow any capital returns and force BofA to continue socking away its profits. [View news story]
Long on BAC
Offerings Continue At American Capital Agency Corp. [View article]
Bank Of America: Economic Value Added Portends Huge Gains [View article]
Will Armour Residential's Repurchase Program Offset Its Dividend Reduction? [View article]
Bank Of America - Under-Reserved And Overvalued [View article]
BAC: New Signs Of Life? [View article]
Compass Diversified (CODI): Q4 EPS of $0.36 may not be comparable to consensus of $0.33. Revenue of $215.5M (+15.9% Y/Y) beats by $51M. (PR) [View news story]