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Bank of America Corporation Message Board

  • culleyjc52 culleyjc52 Apr 11, 2014 9:04 PM Flag

    Investor's need to keep buying

    Have been building since 2012 up to 7K shares @ 13pps basis this will be 20pps by year end and 25pps by year end 2015 with much higher divvy. That's almost a 100% gain plus divvy and a good core stock as I enter retirement August 2014.

    Would also consider SAN, up 36% for less then 11 month hold and going to 13pps.

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    • I think that is too aggressive. Hey I'll admit I would have done better buying index funds since 2010 than holding BAC, but I'm glad I did not get spooked out and sell at the bottom. It should be clear to anyone that BAC is becoming adept at navigating through the yearly CCAR and there will be additional buybacks and dividend raises over time. But I think they are returning to their more conservative profile coming out of the 1990s bust, dividend raises will only be a few cents a year.

      I figure close out 2014 in the high teens, get nto the low 20s next year. There will be dips along the way like this one, don't rush in, buy when opportunity opens up. G.L.T.A.

    • Keep that line of thinking up and you better plan on going back to work.

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