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Bank of America Corporation Message Board

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  • fizrwinnr11 fizrwinnr11 Aug 24, 2011 3:18 AM Flag

    This company is bankrupt and should be delisted

    Firms with over $100B in net tangible book assets are seldom delisted.

    REAL, unquestioned assets that is such as $33B for MER, $18B for its interest in China Development Bank, the $8.6B in cash they are getting from sale of their Canadian credit card operation and then of course all the rest of their enormous world-wide banking operations net of the bad Countrywide loans. Most analysts think that about $25B is the extent of further damanages that BAC hasn't provided for.

    The company is also profitable with expected earnings nest year of $14B and the Free Cash Flow to match.

 
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