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re: Cash out on BAC?

Posted on 3/7/13 at 10:52 am to
Posted by LSURussian
Member since Feb 2005
126965 posts
Posted on 3/7/13 at 10:52 am to
quote:

BAC's PE multiple is around 50x.
That's the trailing P/E.

Forward P/E is 9.45.

ETA: Full disclosure, I don't own BAC.
This post was edited on 3/7/13 at 10:56 am
Posted by ThatsAFactJack
East Coast
Member since Sep 2012
1548 posts
Posted on 3/7/13 at 10:58 am to
quote:

LSURussian


LSURussian,

I ready this board regularly and you seem to be one of the more well informed in regards to investing. I want to start investing some cash on my on seperate from my 401k and emergency fund. What site do you recommend to use, Etrade, Sharebuilder, etc? And can you recommend a few stocks that pay dividends that are under $100 a share.

TIA
Posted by gatorsimz
cafe risque
Member since Feb 2009
8135 posts
Posted on 3/7/13 at 1:43 pm to
quote:

That's the trailing P/E.


I used the ttm PE to suggest the stock does not have much value. Its PE is at around 50 now and eps is at .24 so the price is hovering around $12/share. BAC needs to continue to increase earnings to justify that price. I think hold is a good call, I wouldn't suggest buying.
This post was edited on 3/7/13 at 1:45 pm
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