"You appear to be smitten by me."
Sorry to disappoint you goodyear but I think you are a fantasy kook.
"I doubt that either ZH or goodyears thoughts matter to anyone"
You appear to be smitten by me. I'm flattered. LOL
The rest of the story on BAC for the intelligent investor.
FBR upgraded BAC today to outperform with a $20 price target.
Decide who you want to believe, I already know who I don't believe on anything.
Coming from a poster who describes them self as an intelligent investor yet he(she) can't answer two simple questions, I doubt that either ZH or goodyears thoughts matter to anyone.
Zerohedge: For Bank Of America, Crime Is Now An Ordinary Course Of Business
In short: between Q4 2011 and Q3 2014 Bank of America produced "Net Income" of $15.9 billion. However, the amount of added back "one-time, non-recurring" legal expenses is a stunning $28.9 billion: two of every three dollars, non-GAAP as they may be, comes from Bank of America engaging in criminal activity... and that's just the stuff it got caught for.
So perhaps an even more relevant question than how long will the EPS "addback" #$%$ continue, is how long will the regulators and enforcers allow Bank of America to exist as an organization for which two-thirds of its "ordinary course business" is, for lack of a better word, crime?
I haven't posted anything like STI is worth $10.00 on a good day when people were selling at $36.00 and more while you were posting.
I'll take hoot over crazy.
Notice you were careful to not answer either of the two questions I asked. I'll continue to wait and see how you come out answering either or both.
You are a hoot! So, again, Buffet or Zell (or any intelligent investor or consumer) has no clue what something is worth at the time of purchase according to you. So stocks, companies, TV's, property, etc. are purchased everyday with the buyers "clueless" as to what it's worth.
Son, I'm sure you've heard the phrase "when you're in a hole and want out, stop digging!" You need to stop digging...and stop investing.
Goodyear, just another example from the clueless poster for your comments.
I purchase a piece of property about 6 months ago and paid more than I thought it was worth. The reason I did so was: 1. I did not need the money 2. An Income tax advantage 3. It will produce some amount of income stream annually 4. It has highway frontage on 3 sides.
Looking forward with great interest for the comments from an intelligent investor on how dumb that was.
Goodyear, if you are such a wizard, purchase your $100 worth of any stock you choose tomorrow(10-13-14) and post the stock, purchase price, and what it will be worth on 10-13-15.
Nowhere in my post did I say anyone was clueless about what they were buying. The topic was worth and what anything is worth on any given day.
Have you ever purchase an indexed bank CD¿¿¿ Check your bank tomorrow for the rates on a 5 indexed CD and tell me what it will be worth in 5 years.
That should answer any questions about dumb statement.
Thanking you in advance and looking forward to intelligent answers to my two examples.
LOL. "The buyer of anything is clueless about worth until he sells".
That may be THE dumbest statement I've ever read on a message board..and I've read some doozies over the years. Savvy buying is what defines an intelligent investor or consumer. So per you Warren Buffet and Sam Zell are clueless of what they're buying until they sell.
You go on being the guy buying cluelessly..I'll be the other guy. ROTFLMAO