I am a long term buyer. I am thinking to buy BAC now and look at my portfolia 2 year later.
The downtrend is still intact.If you want to be a long-term investor, learn how to estimate a stock's value. Read Graham's "The Intelligent Investor" and Graham & Dodd's "Security Analysis".You don't like reading long books, and thinking about what they tell you? Then stop pretending you're any kind of investor.BAC is for gamblers, not investors.
I would buy some at this level,...Pick up at least a couple hundred shares...I don't think it's going to be below $10 for too long....The Countrywide fiasco is behind them...If and When the US housing market recovers this stock is going up like a bullet.BofA is actually a critical piece of the puzzle to the US economic recovery...You invest in this bank and you invest in an American recovery.These guys hardly caused any of the ills they endured.
Yup, Probably a good bet.S&P Rates em 5 stars...Usually that is a good sign...The worst is behind this bank, and priced in...I think $2.00eps for the next 12 months isn't out of line...Est Forward P/E is around 6 ....If they start making money it could go to 10-12x... so ya... around $20 in two years
'The worst is behind this bank, and priced in...'No it isn't, because nobody knows what settlements will be reached in the outstanding lawsuits.Without that information, nobody knows what a fair price for BAC is.
no no no