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re: Is BOA a $70 stock?
Posted on 4/9/14 at 10:30 am to Cmlsu5618
Posted on 4/9/14 at 10:30 am to Cmlsu5618
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.
2
Posted on 4/9/14 at 10:43 am to Iowa Golfer
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 4/9/14 at 10:45 am
Posted on 4/9/14 at 10:48 am to Iowa Golfer
quote:"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.
For a BoA, you'd really need to analyze the financial strength of every counter party they have in certain arrangements.
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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