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Started By
Message
Cash out on BAC?
Posted on 3/7/13 at 10:22 am
Posted on 3/7/13 at 10:22 am
I bought BAC in November of 2011 for $5.78 a share. It is trading at a little over $12 now. I didn't buy a lot and just used what cash I had on hand in my brokerage account. I have no reason to sell to get any cash and a guy was on CNBC this morning saying that he thinks it will go to $30 over the next two years.
Given the fact that I am up about 95%, but I don't have a lot of money in it...would you all sell or hold?
*Also, I have it set to reinvest dividends, but their dividends have been tiny.
Given the fact that I am up about 95%, but I don't have a lot of money in it...would you all sell or hold?
*Also, I have it set to reinvest dividends, but their dividends have been tiny.
3
Posted on 3/7/13 at 10:30 am to ShreveportTIGER318
quote:
I have no reason to sell
quote:
hold
quote:There are indications they will soon apply to the Fed for permission to raise their dividend.
their dividends have been tiny.
This post was edited on 3/7/13 at 10:31 am
Posted on 3/7/13 at 10:49 am to ShreveportTIGER318
BAC's PE multiple is around 50x. its sector average is around 15x. that multiple would give me a little concern
Posted on 3/7/13 at 11:17 am to ShreveportTIGER318
I just bought some BAC at the low 11s. I'll be holding for a while. I heard Warren Buffet is all over BAC too. That guy knows what he's doing.
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