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Is BOA a $70 stock?

Posted on 4/8/14 at 9:35 pm
Posted by Brotorious
NOLA
Member since May 2013
380 posts
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?
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 4/8/14 at 9:47 pm to
There is no company with ticker symbol BOA.
Posted by BlackCloud
Above It All
Member since Jan 2014
3821 posts
Posted on 4/8/14 at 9:56 pm to
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 by JumpingTheShark
America
Member since Nov 2012
22999 posts
Posted on 4/8/14 at 11:05 pm to
This has been the best performing stock I have owned in the last two years.
Posted by Cajun Revolution
Member since Apr 2009
44671 posts
Posted on 4/9/14 at 3:58 am to
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.
Posted by Cajun Revolution
Member since Apr 2009
44671 posts
Posted on 4/9/14 at 4:48 am to
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 by LSURussian
Member since Feb 2005
127265 posts
Posted on 4/9/14 at 9:41 am to
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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