Tag Archive
Countrywide and Bank of America – What is the true value of the deal?
It is hard from individual investors sitting on the sidelines to come up with a resonable valuation. I have seen publications and websites state that the price BAC is paying for CFC is $6.90. Today I saw this article on fortune.com titled Betting against the BoA – Countrywide deal. I recommend you read it... »
Bank of America Still a Buy
Despite being on the losing end of the trade since my bullish call on Bank of America (BAC) last week, I am sticking with it. In fact, I bought more earlier this week and I believe its a stronger buy here. The dividend seems very secure and this carnage will end soon. – Faisal LaljeeFull... »
This Earnings Season – A Time to Stay Put and Wait for Opportunities
It is one of the worst times this year to be buying some of the fast flyers. Indeed stocks like Baidu (BIDU), Intuitive Surgicals (ISRG), Google (GOOG), Apple (AAPL) are tempting as they defy the broader market and march on. But every rulebook says not to open new positions in these stocks at these... »
Bank of America Will Pay Dividends
Bank of America (BAC) reported some disappointing numbers yesterday. Quarterly profits were down by 32% due to credit losses and lack lustre performance in their investment banking division. However, this was still not as bad as Citigroup (C), Washington Mutual (WM) and some of the other banks which have seen profits decline as much... »
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