Is BOA a $70 stock? - Page 2 - TigerDroppings.com

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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80158 posts

re: Is BOA a $70 stock?


quote:

You're soliciting advice from a bunch of people with no money or capital






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TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
16770 posts
 Online 

re: Is BOA a $70 stock?


For the record, this was a horse shite thread to begin with.

I hinestly had the same thought pattern as the guy who said that BOA Isn't a company.






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80158 posts

re: Is BOA a $70 stock?


I think there will be some people kicking themselves two or three years from now saying "Why didn't I buy BAC when it was $16.40/share two or three years ago?!?"

Full disclosure: I own shares in BAC.






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Cajun Revolution
Columbia Fan
Member since Apr 2009
40640 posts

re: Is BOA a $70 stock?


quote:

I think there will be some people kicking themselves two or three years from now saying "Why didn't I buy BAC when it was $16.40/share two or three years ago?!?"


How long do you think the average american investor holds a single stock certificate nowadays before turning it over? I have no idea but I'd bet my savings it's less than one year.






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Cmlsu5618
McNeese State Fan
Destin, FL
Member since Sep 2010
2175 posts

re: Is BOA a $70 stock?


quote:

How long do you think the average american investor holds a single stock certificate


What is this 1926? Stock certs??






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reb13
Ole Miss Fan
Oxford, MS
Member since May 2010
9819 posts

re: Is BOA a $70 stock?


quote:

I'd say there are probably less than 2 or 3 people on this board that could SOMEWHAT effectively analyze the statements of a bank as huge as BofA.


Being able to and having the time to do it are two different things.






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80158 posts

re: Is BOA a $70 stock?


quote:

How long do you think the average american investor holds a single stock certificate nowadays before turning it over?
I have no idea either and your question is irrelevant as it applies to me.

BAC's revised capital plan was accepted by the Fed a couple of weeks ago and it included a dividend increase. When the BAC board announces the increase, we'll see a small pop in its price then. That will probably happen before mid-year.

Last month Warren Buffett said he's still pleased with Berkshire's $5 billion investment in BAC. I've heard he's pretty good at analyzing financial statements.....






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Cajun Revolution
Columbia Fan
Member since Apr 2009
40640 posts

re: Is BOA a $70 stock?


Good for your investment, Russian. Here is a handclap. Pause for clapping.







Thank You.






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80158 posts

re: Is BOA a $70 stock?


I'm starting to understand why you were banned.





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Cajun Revolution
Columbia Fan
Member since Apr 2009
40640 posts

re: Is BOA a $70 stock?


I was congratulating you. It sounds like a quality investment and you did your research.





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Cold Cous Cous
LSU Fan
TD OG
Member since Oct 2003
13385 posts

re: Is BOA a $70 stock?


quote:

I think there will be some people kicking themselves two or three years from now saying "Why didn't I buy BAC when it was $16.40/share two or three years ago?!?"

Eh, that's a silly game to play. You could literally do that for hundreds of stocks (going either direction), and it's just hindsight bias.

Let me put it otherwise. If I go to my deathbed with my #1 regret being having missed a runup in Bank of America stock in the mid-2010s, I will consider that a successful life.






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80158 posts

re: Is BOA a $70 stock?


quote:

Eh, that's a silly game to play. You could literally do that for hundreds of stocks (going either direction), and it's just hindsight bias.

I'm not recommending anyone buy BAC. It won't make anyone a quick buck.

But to listen to criticism of BAC by someone who asks "how is it vested?' when the question makes no sense at all and also asks how long does the average person hold 'stock certificates?'

Well, those are not exactly knowledgeable questions.

I wrote the same thing on this board about GE when GE was under $10 in 2009. But I said '5 years' instead of '2 or 3 years.' I bought GE back then when others on this board were breathlessly proclaiming GE was going to be bankrupt in 5 years. That worked out pretty well for me.....






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TheIndulger
Longwood Fan
Laffy Taffy
Member since Sep 2011
8858 posts

re: Is BOA a $70 stock?


quote:

I think there will be some people kicking themselves two or three years from now saying "Why didn't I buy BAC when it was $16.40/share two or three years ago?!?"


I'm still bruised from kicking myself for not buying it when it was $6 two years ago. I don't know if I can handle any more....






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Iowa Golfer
Iowa Fan
Heaven
Member since Dec 2013
1267 posts

re: Is BOA a $70 stock?


quote:

I'd say there are probably less than 2 or 3 people on this board that could SOMEWHAT effectively analyze the statements of a bank as huge as BofA.


I'd say less than that. I'd also suggest that even the experts struggle at this as evidenced items overlooked in the past such as swaps. For a BoA, you'd really need to analyze the financial strength of every counter party they have in certain arrangements.






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Cajun Revolution
Columbia Fan
Member since Apr 2009
40640 posts

re: Is BOA a $70 stock?


quote:

ut to listen to criticism of BAC by someone who asks "how is it vested?' when the question makes no sense at all and also asks how long does the average person hold 'stock certificates?'


who criticized BAC? Obviously you've done your research on it.

Russian, any idiot can pick a stock and hope it goes up. Researching your investment is a bit more involved. In addition, you know what I meant in terms of "hold on to it for two to three years". The point being, very few people hold on to individual stocks for an extended period of time- in terms of multiple years.



This post was edited on 4/9 at 10:32 am


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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80158 posts

re: Is BOA a $70 stock?


quote:

very few people hold on to individual stocks for an extended period of time
The best investors do. Warren Buffett, when asked what his favorite holding period is for a stock, replied "Forever."

If you remove the huge volumes of HFT shares which greatly distorts the "average holding period" number, I bet the average holding period for institutional investors would surprise you.

I'm not sure why we're even debating this idea now since the topic is about one stock, BAC.

And, no, I don't think it will be $70/share in the next2, 3 or even 5 years. But I sure do see it being in the upper $20's to low $30's within that time frame. If I can almost double by money every 5 years, I'm happy.






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Cmlsu5618
McNeese State Fan
Destin, FL
Member since Sep 2010
2175 posts

re: Is BOA a $70 stock?


quote:

I'd say less than that


You're probably right.

I love when I hear people talk about the financial statement analysis of such a complex organization like a national bank. So many moving parts.

That won't stop the "experts" from putting a price objective on these companies and suckers for beleiving them.

Basically, my point is.. these banks are just selling widgets.



This post was edited on 4/9 at 10:45 am


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Cajun Revolution
Columbia Fan
Member since Apr 2009
40640 posts

re: Is BOA a $70 stock?


quote:

The best investors do


Let me go ram my head into a wall right now because I'm pretty sure we're discussing the average American investor.

I like you Russian, but quit looking for an argument when there's nothing I discussed remotely controversial to a conservative investor.

quote:

If you remove the huge volumes of HFT shares which greatly distorts the "average holding period" number, I bet the average holding period for institutional investors would surprise you.



I would like to see the numbers because I'd be thoroughly surprised if the holding period is greater than a year.



This post was edited on 4/9 at 10:48 am


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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80158 posts

re: Is BOA a $70 stock?


quote:

For a BoA, you'd really need to analyze the financial strength of every counter party they have in certain arrangements.
"Every" counter party? So we should analyze every loan to bank makes before we decide to buy the stock? I'm not sure that's feasible.

And if you're referring to the AIG credit default swaps when you mention 'swaps', as the statisticians call that situation, that was a 'skinny tail event.'






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80158 posts

re: Is BOA a $70 stock?


quote:

I'm pretty sure we're discussing the average American investor.

I've never aspired to be 'average.'

quote:

I'd be thoroughly surprised if the holding period is greater than a year.

For 'institutional investors'??? I'd take that bet.






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