Fri, Aug 29, 2014, 2:43 AM EDT - U.S. Markets open in 6 hrs 47 mins

Recent

% | $
Quotes you view appear here for quick access.

Bank of America Corporation Message Board

  • sushibn sushibn Jan 2, 2012 10:17 PM Flag

    Cramer comments see BAC at $3 if Euro Implodes

     

    [2] Bank of America (BAC) - Sell

    Bank of America was the worst performing stock on the Dow Jones, returning -58.32% in 2011. Cramer thinks Bank of America is a "sell." If Europe implodes, he thinks the stock can drop to $3. The $7 price (where Warren Buffett may exercise his warrants) is unlikely to be reached.

    Quantitative analysis suggests the shares should be trading well above its $5.56 closing price. Shares trade in the $5-range because the liabilities from Countrywide Financial remain a big unknown for shareholders.

    This topic is deleted.
    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • If Cramer says sell, it's time to increase my position. But if it's equally true that BAC will hit 3 bucks if Europe "implodes" he's being an optimist.

      A couple things. Define "implode". If you mean capitol buildings being burnt out and leaders being strung up, then 3 bucks would be a gift.

      If you mean high unemployemnt with protracted recession, that's already a given.

      Someone somewhere put it in these terms: We'll get to a point where Europe is not a weekly crisis, but rather a condition that we all know is going to take years to solve.

      No doubt we're next if we don't stop running up trillions in deficit. The next question is when will our time come?

      BAC will survive, and even thrive. But, we're all in trouble when the piper comes around.

    • That's bull. Strong company that will survive the Euro storm

 
BAC
16.01-0.19(-1.17%)Aug 28 4:02 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.