Is BOA a $70 stock? | TigerDroppings.com

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Brotorious
LSU Fan
NOLA
Member since May 2013
52 posts

Is BOA a $70 stock?


I'm on the fence about dumping a lot of money into BOA. And sitting on it for many years. What says Money Talk?






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foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
29837 posts

re: Is BOA a $70 stock?


There is no company with ticker symbol BOA.





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TheIndulger
Longwood Fan
Laffy Taffy
Member since Sep 2011
9376 posts

re: Is BOA a $70 stock?


quote:

There is no company with ticker symbol BOA.


They are a worldwide serpent distributor.






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BlackCloud
LSU Fan
McMansionville
Member since Jan 2014
649 posts

re: Is BOA a $70 stock?


I think 40 or 50 is more reasonable over the next 5 or 10 years. I am short BAC via put options currently but will turn around and make a long-term position if it pulls back to 15 like I think it will. Good luck.







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foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
29837 posts

re: Is BOA a $70 stock?


It occurred to me the OP might have been talking about Bank of America but since it's trading at roughly 16 and not 70 I didn't think that was what he meant.





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Brotorious
LSU Fan
NOLA
Member since May 2013
52 posts

re: Is BOA a $70 stock?


quote:

There is no company with ticker symbol BOA.

You have got to be a very lonely person!


Black Cloud...thanks!



This post was edited on 4/8 at 10:22 pm


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JumpingTheShark
New Orleans Saints Fan
Murderers' Row
Member since Nov 2012
5264 posts

re: Is BOA a $70 stock?


This has been the best performing stock I have owned in the last two years.





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Brotorious
LSU Fan
NOLA
Member since May 2013
52 posts

re: Is BOA a $70 stock?


Thanks! We keep a good amount of cash in a MM. I'd like to take 10 or 20 out of it and sock it somewhere that has a good chance to grow. All of our retirement investments are funded. I'd just like to see what we could do with it. The question now is how much to buy?





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Cajun Revolution
George Washington Fan
Member since Apr 2009
42504 posts

re: Is BOA a $70 stock?


I love how people ask these types of questions but never evaluate an annual or quarterly statement.

Dude, pull the earnings report for the past few years. Figure out how the company is vested. Are they keeping large liquidity ratio? Are they tied up in hard assets? What's the income statement look like? 2013 was a rebound year and should probably be marginalized in your 5 yr trend analysis.






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Brotorious
LSU Fan
NOLA
Member since May 2013
52 posts

re: Is BOA a $70 stock?


I love how some panties get twisted into such a knot! Its a freakin message board. Just asking for an outsiders opinion, ya pompous womp!





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Cajun Revolution
George Washington Fan
Member since Apr 2009
42504 posts

re: Is BOA a $70 stock?


You're soliciting advice from a bunch of people with no money or capital on a regional message board. I rather be the pompous womp.





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BlackCloud
LSU Fan
McMansionville
Member since Jan 2014
649 posts

re: Is BOA a $70 stock?


quote:

I love how people ask these types of questions but never evaluate an annual or quarterly statement


How do you know an individual won't due his due diligence before he actually invests in a security?
Most people here are just asking questions to get some advice from people in a public forum. I doubt if the OP will run out this morning and buy 20k worth of BAC on the opinion of anyone around here. I like the money board because its maybe the sanest board on this site. Please don't come in here with the rantard virus. I think its contagious.



quote:

Dude, pull the earnings report for the past few years. Figure out how the company is vested. Are they keeping large liquidity ratio? Are they tied up in hard assets? What's the income statement look like? 2013 was a rebound year and should probably be marginalized in your 5 yr trend analysis


I hate to be the one to burst your bubble pal. Many small fortunes have been made by ordinary people who just bought a big blue chip stock and held it for 20 or 30 years without ever analyzing an earnings report. Most people can't understand all that jargon and just invest on a gut feeling.
Thanks for trying to help all of us broke cajuns with all of your knowledge of financial markets. I have to go check my alligator traps now.






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Iowa Golfer
Iowa Fan
Heaven
Member since Dec 2013
1370 posts

re: Is BOA a $70 stock?


I think it's a decent long term hold for an appropriate percentage of one's long term portfolio.

The more important question asked by the OP, to me at least, is how much to invest? I'm not sure I'd invest the entire lump sum in a bank stock. I'd allocate and have at least a percentage in gold also.







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Cajun Revolution
George Washington Fan
Member since Apr 2009
42504 posts

re: Is BOA a $70 stock?


quote:

I hate to be the one to burst your bubble pal. Many small fortunes have been made by ordinary people who just bought a big blue chip stock and held it for 20 or 30 years without ever analyzing an earnings report.


Yeah, the days of hiding railroad bonds in your mattress are over. Good luck holding onto a $70 BOA stock portfolio for 20 years and hoping it splits 4 times or quads in value



This post was edited on 4/9 at 6:14 am


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jlu03
LSU Fan
Thibodaux
Member since Jul 2012
380 posts

re: Is BOA a $70 stock?


I believe BAC is currently priced under it's book value which is around $20. Wish I would have kept my shares when I purchased at $6. Still made good money off this stock and see growth in the upcoming years. BUY!!





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TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
16845 posts

re: Is BOA a $70 stock?


That book value is a farce. Compare it to tangible NW.





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TheIndulger
Longwood Fan
Laffy Taffy
Member since Sep 2011
9376 posts

re: Is BOA a $70 stock?


This is one of the more pathetic arguments I've seen on the money talk board





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Mr.Perfect
Louisiana
Member since Mar 2013
4661 posts

re: Is BOA a $70 stock?


agreed. look everyone.... this here $15 stock is a $70 stock





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Cmlsu5618
McNeese State Fan
Destin, FL
Member since Sep 2010
2266 posts
 Online 

re: Is BOA a $70 stock?


quote:

I love how people ask these types of questions but never evaluate an annual or quarterly statement


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.

There are so many variables to analyze, I think it's damn near impossible. Banks of this size with cash flows and revenue streams coming from so many places, macro analysis is probably your best bet.

But analyze away folks...






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Cajun Revolution
George Washington Fan
Member since Apr 2009
42504 posts

re: Is BOA a $70 stock?


quote:

This is one of the more pathetic arguments I've seen on the money talk board



Whatever. I wouldn't sink major money into a sole stock longterm, however you cut it unless you plan on assuming major risks. I skew conservatively though.



This post was edited on 4/9 at 9:11 am


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