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Pfizer Inc. Message Board

  • chrtwelve chrtwelve Aug 29, 2011 4:57 PM Flag

    based on a fair multiple

    Based on a fair multiple of trailing earnings, BAC is worth ($16) per share. I don't know why anyone would pay more than negative $8 per share right now. $2 is WAY over the top. Facts are stubborn things.

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    • Seriously, I think it's worth about seven or eight times the $1.48 consensus earnings estimate for next year. About $10 to $12 a share. In a couple of years when the magnitude of the legacy loan problem becomes known, perhaps more like a ten multiple would be warranted.

      There is a limit though as to how far down the stock should be marked because of the bad loans because the nank has already raised $22B in funds the last month, they still have huge non-core assets such as $50B MER and most reputable analysts still aren't looking for much more than about $25B in unreserved bad loans and in the meantime, the company does have that new capital infusion and their operations are profitable.

 
PFE
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