I agree, CHK is a take over target. We have to be patient. Consolidation will take place through M&A. I just hope it is an all stock deal with a major player. I would hate paying Obama capital gains. A worthless #$%$-up.
Not going to happen this time as mortgage approval process is strict. Plus, lower valued houses are selling quickly as the average American knows higher mortgage rates are coming and home prices are rising fast.
People are fighting each other in bidding wars to get houses under $250,000. Bank will be able to dump repos going forward.
She got it right. The market is spineless and driven by shorts. The Cyprus situation is so small it is a joke. Just an excuse to manipulate. I would not be supprised if BAC is not bigger than Cyprus. The bank raid was designed to grab dirty Russian money. The thieves will not be in a position to complain publically. Buy the dips.
For BAC, this creates a strong possibility of taking loan loss reserves down a billion or so and back into income. Earnings could soar as non performing assets are sold off at a smaller loss. All good news that is getting better by the month. Buy the dips to add BAC.