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Bank of America Corporation Message Board

  • boar292hog boar292hog Mar 14, 2013 9:23 PM Flag

    nother year of pain at BAC....

    Sure, a 5 billion dollar stock buyback is nice, long term, but lets face it, its in everyone's interest to see BAC stock price go DOWN from here to make the buyback all the more meaningful.

    Meanwhile 1 penny per quarter........how do you spell pain? BAC.

    Really happy to learn of the positive stress test, results that helped BAC shine for the first time in nearly 5 years. However, shareholders I guess, should consider themselves lucky for not losing everything in the first place. But then hey, shareholders didn't buy Countrywide of Merrill.

    I think I'll re-look BAC in the 10 range.......i could be wrong but the price history of this company since the BUST.......and the 5 billion buyback motivation for a lower price verses a higher price...and I see 10 and change. All IMHO of course....i hope I'm wrong but fear i will be right, especially if we have any market surprises along the way.

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BAC
11.98-0.22(-1.80%)Feb 10 4:00 PMEST