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Bank of America Corporation Message Board

  • austinag3 austinag3 Aug 16, 2011 11:06 PM Flag

    Has BAC Announced a 10 for 1 Reverse Split Yet?

    Figure this stock will go down until they do what AIG and C did. Declare a 10 for 1 reverse split.

    Then, the profits they make in the future will appear larger and help the company to recover equity lost in 2008-2009.

    Seems overpriced at the moment with significant losses expected for at least a quarter. A double dip recession will send the company back to sub-$1. Mainly because the fed has pegged interest rates at 0% for the next 2 years.

    And then we have 2012. A ton of variable rate mortgages will come due in early 2012 to early 2013, causing a major crash in the mortgage industry. Sell your house by winter.... Winter and spring are going to be horrible for the housing industry!!

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BAC
16.36-0.08(-0.49%)Aug 28 4:02 PMEDT