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Started By
Message
Is BOA a $70 stock?
Posted on 4/8/14 at 9:35 pm
Posted on 4/8/14 at 9:35 pm
I'm on the fence about dumping a lot of money into BOA. And sitting on it for many years. What says Money Talk?
6
Posted on 4/8/14 at 9:47 pm to Brotorious
There is no company with ticker symbol BOA. 
Posted on 4/8/14 at 9:49 pm to foshizzle
quote:
There is no company with ticker symbol BOA.
They are a worldwide serpent distributor.
Posted on 4/8/14 at 9:56 pm to Brotorious
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.
Posted on 4/8/14 at 10:10 pm to BlackCloud
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.
Posted on 4/8/14 at 10:21 pm to foshizzle
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 4/8/14 at 10:22 pm
Posted on 4/8/14 at 11:05 pm to Brotorious
This has been the best performing stock I have owned in the last two years.
Posted on 4/8/14 at 11:10 pm to JumpingTheShark
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?
Posted on 4/9/14 at 3:58 am to Brotorious
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.
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.
Posted on 4/9/14 at 4:25 am to Cajun Revolution
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!
Posted on 4/9/14 at 4:48 am to Brotorious
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.
Posted on 4/9/14 at 5:50 am to Cajun Revolution
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.
Posted on 4/9/14 at 6:03 am to BlackCloud
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.
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.
Posted on 4/9/14 at 6:13 am to BlackCloud
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 4/9/14 at 6:14 am
Posted on 4/9/14 at 7:19 am to Cajun Revolution
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!!
Posted on 4/9/14 at 7:34 am to jlu03
That book value is a farce. Compare it to tangible NW.
Posted on 4/9/14 at 8:04 am to Cajun Revolution
This is one of the more pathetic arguments I've seen on the money talk board
Posted on 4/9/14 at 8:28 am to TheIndulger
agreed. look everyone.... this here $15 stock is a $70 stock 
Posted on 4/9/14 at 8:57 am to Cajun Revolution
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...
Posted on 4/9/14 at 9:07 am to TheIndulger
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 4/9/14 at 9:11 am
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