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Author Topic: BAC Bank of America
BooDog
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F on the move too upgraded by GS

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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IMAKEMONEY
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PPS 8.82

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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BooDog
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quote:
Originally posted by IMAKEMONEY:
PPS 8.82

Bank of America Corp 6.63 +0.19

6.60+0.16 / +2.48% 12:43pm ET

oh, you may be interested to know that that's not US lol

Bk Of America Corp (Frankfurt:NCB)
http://money.cnn.com/quote/quote.html?symb=FNCB&sid=164441

[Were Up]


but both F and GE are down [Roll Eyes] but still going strong [Big Grin] [Wink]

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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BooDog
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Ford Pre-Market: $ 5.53 1.04(+23.16%) Volume: 12.32 m 8:51 AM EDT Apr 24, 2009

BAC Pre-Market: $ 9.08 0.26(+2.95%) Volume: 4.7 m 8:52 AM EDT Apr 24, 2009
[Eek!] [Eek!] [Eek!] [Were Up]

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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IMAKEMONEY
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[Big Grin] [Big Grin] [Big Grin] [Big Grin] [Big Grin] [Big Grin]

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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IMAKEMONEY
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HOD 15.07 [Eek!]

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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invester
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[Smile]
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invester
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Back in. August Calls.. 110 billion market cap 140 billion in cash. I see a share repurchase program in the near future. We will see mid $20's by August
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invester
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If China was smart, they would take out Bank of America for free, and then some. Instead of buying our bonds, buy BofA which has a market cap of 118 billion, but has 140 billion in cash. Now that would be something.
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invester
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up 2.9% $11.91 now
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invester
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EPS Normalized (MRFY) 0.18
Rev per share (TTM) 11.87
BV per share (MRQ) 22.97
Tangible BV per share (MRQ) 13.15
Cash per share (MRQ) 13.07
Cash flow per share (TTM) -0.34
Indicated Annual Dividend (US)

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metal1
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The cash balance looks big but when compared to debt and liablilities it's tiny. Banks have to have cash so this number isn't the end of all the analysis. That being said, if they can get this mortgage crap figured out should be a good long term play.
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crazytrade
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quote:
Originally posted by invester:
If China was smart, they would take out Bank of America for free, and then some. Instead of buying our bonds, buy BofA which has a market cap of 118 billion, but has 140 billion in cash. Now that would be something.

Not sure that would make sense. sure you get the cash but you take on 450 million in long term debt and another trillion or so in other liabilities. you have to look deeper with bank cash balances.
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invester
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quote:
Originally posted by crazytrade:
quote:
Originally posted by invester:
If China was smart, they would take out Bank of America for free, and then some. Instead of buying our bonds, buy BofA which has a market cap of 118 billion, but has 140 billion in cash. Now that would be something.

Not sure that would make sense. sure you get the cash but you take on 450 million in long term debt and another trillion or so in other liabilities. you have to look deeper with bank cash balances.
Yes...I know you have to look deeper. Most of the bad debt has either been written off, or have loan loss reserves to more than cover. Housing is set to rebound in the 1st. quarter of 2011. In one form or another, BofA does business with 50% of America. Oh ya, and how great would it look to the Chinese that they own the bank of AMERICA. Anyway you slice BofA, its cheap. Book value of over $22, tangible book of $13. Thatís not even taking into account that the yield curve is sure to steapen over the next year. This will be $25 by August. Current $12.01 Mark it.
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invester
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Thatís not even taking into account that most other banks went bankrupt, thus not as much supply. They aslo have Merrill Lynch/Investment, one of the last great ones. Even Country Wide looks to be paying off. So for all that, they put a valuation far less than the cash they have on hand? Were starting to see a sense of normalcy, and a steep yield curve. These guys are going to print money. $25 by August.
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metal1
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quote:
Originally posted by invester:
Thatís not even taking into account that most other banks went bankrupt, thus not as much supply. They aslo have Merrill Lynch/Investment, one of the last great ones. Even Country Wide looks to be paying off. So for all that, they put a valuation far less than the cash they have on hand? Were starting to see a sense of normalcy, and a steep yield curve. These guys are going to print money. $25 by August.

holy smokes, where do you see that country wide is paying off? they are costing and have already cost BofA billions! BofA would probably be at 25 or 30 if they never bought countrywide. they merrill deal is paying off but countrywide has been a huge drag still more to come. I am long too but we'll have to see how these housing lawsuits pan out first.
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invester
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Countrywide will pay off. It also closed above the 50 day. $12.42 now
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metal1
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quote:
Originally posted by invester:
Countrywide will pay off. It also closed above the 50 day. $12.42 now

fair enough, if you think it will pay off in the end that is a different story.
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invester
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$12.66
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invester
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$12.74 Options are up 75% in just a few days.
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invester
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Broke resistance. At $12.75 Now $12.81 I see mid $14 as next resistance.
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Bob Frey
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Looking to get back in this down here. $9.50
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Bob Frey
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Back in here $6.88
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Bob Frey
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Looking to get back in this am.
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Nile
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I wouldn't touch this yet!
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T e x
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is it ready for a lil bounce?

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Bob Frey
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Thats what I was thinking. In and out in less than an hour.

May try again today.

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Bob Frey
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Like taking candy from a baby.
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T e x
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http://www.cnbc.com/id/44260259

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Bob Frey
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Made my year! Thank you Buffet!
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T e x
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Have you seen the supposed terms? Apparently, he struck quite a deal.

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Bob Frey
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I heard 5 billion = Preferd shares with warrants @ 7.00 for 700 million common
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Bob Frey
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Going back in @ 6.08
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a surfer
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quote:
Originally posted by invester:
quote:
Originally posted by crazytrade:
quote:
Originally posted by invester:
If China was smart, they would take out Bank of America for free, and then some. Instead of buying our bonds, buy BofA which has a market cap of 118 billion, but has 140 billion in cash. Now that would be something.

Not sure that would make sense. sure you get the cash but you take on 450 million in long term debt and another trillion or so in other liabilities. you have to look deeper with bank cash balances.
Yes...I know you have to look deeper. Most of the bad debt has either been written off, or have loan loss reserves to more than cover. Housing is set to rebound in the 1st. quarter of 2011. In one form or another, BofA does business with 50% of America. Oh ya, and how great would it look to the Chinese that they own the bank of AMERICA. Anyway you slice BofA, its cheap. Book value of over $22, tangible book of $13. Thatís not even taking into account that the yield curve is sure to steapen over the next year. This will be $25 by August. Current $12.01 Mark it.
What housing recovery? There will be no housing recovery. Not for another 7 years minimum....the rate of inflation will surpass home values rise for a long while. Houses are getting cheaper by the day.
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IMAKEMONEY
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BUY IT AT 5.33 JMO [Eek!] [Big Grin] [Were Up]

--------------------
LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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