BAC a buy between $10.50 to $11?
What do you guys think? Is BAML a potential value pick if it falls even more, or would you say its too risky for a 3-5 year horizon at the moment?
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well if they don't settle do you really think they will shell out cash to have a thrid party look at every fucking mortage they made in the CDO(composed of MBS) evaluated? Blackrock has the means to do so. If they lose the lawsuit and buy back the securities they will still have write downs... then bac has to worry about bank runs i mean who the fuck would have money in bac if they have to shell out 50 bil and keep that shit on there books?
what is your opinion OP ?
obviously I think it is given that I'm considering it. I just wanted a second opinion to make sure I'm not doing something stupid
Why not look into long dated call options instead? I think BAC is along term play on improving consumer sentiment, continue growth in international markets, and there will be a pickup in home loan generation, as we have the most educated, savviest, and driven generation entering the workforce as we speak. They will be purchasing houses, just a matter or when. So there many divisions will generate sustainable profitability, but there are short term fluctuations in price, as well as pending legal matters which will impact earnings. Its lost about 18% the past week or two and has lagged the marker and sector TYD
In summary, it's a horribly depressed price, has more money on the b/s that it's total market cap, trades below opts p/b value. Go for it!
- They are getting in hot water for loan fuck ups - Getting sued by Blackrock, Pimpco, and Federal Reserve NY - in sight by the populist rage known as the democrats
You can stick all your value investing bull shit up your ass
someone has a big short position
Not sure if serious. I'm looking at VALUE stocks (read 3-5 year trading horizons MINIMUM), not a quick trade. All that stuff will suck in the short run and is why the stock will continue to get blasted, but I'm wondering if long term prospects will still be good for the stock and if it should eventually do well. I'm asking for a second opinion because I need a financial stock in my portfolio, but I have no clue about all these financial regulations and whatnot and how it will affect banks. All I know is that BAML is a solid brand, it will start building presence internationally, and I think right now its fun to destroy banks, but I believe from my very limited knowledge that BAML should be in the low $20s at some point. If you have info about long-term prospects, then let me know, but in the meantime, please keep spreading fear so that the stock falls lower and I can grab it at even cheaper valuations if I choose to invest in it.
I'm also considering JPM and MS btw, so which one would you all recommend between BAC, JPM, and MS?
I will buy 100 or so if it goes down to 10.50
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