Sorry these current shareholders will again give him and his buddies stock options and more than likely a raise. There are so many better options for investing than owning this thing now.
Why would anyone think they would be allowed to raise the dividend and do a buyback before they settle? If you have a club use it and BAC does not have the club.
I have been wondering whether PACW will make another acquisition OR will a major Canadian Bank make PACW their acquisition. Canadian Banks are moving in and with PACW recent good numbers and a drop in its' SP it might be an ideal target.
CSE was a totally different company. I was not interested in CSE until it started to turn. I bought more each time it had an improved quarter. I even got involved in the lawsuit against CSE and knew it was a gem not yet discovered and then PACW stole it BUT I benefitted from the merger, more so than PACW shareholders. If you deem a company to be good and it is heavily shorted there is more opportunity for a squeeze and thus a bump in SP. I have owned PSEC for over 2 years. I got in on most of my shares under 9 and have collected the divvy and compounded it every month. That is a hefty return in anyone's book and still is at today's price. With a divvy of .1105 and a price below 11 that is a 1% gain per month, 12% a year and that does not include compounding. Call interest is up as well 6 months out. GL
I rarely give advice on stocks but if you want immediate returns you might want to look at PSEC. It pays a MONTHLY dividend, which if you reinvest you will receive divvies on those shares the next month. Ex divvy day this month is 7/29 in order to get paid the divvy next month. Current SP is under 11 and divvy is .1105 a share paid each month. For disclosure purposes I have owned it for 2 years and I get rewarded every month and I am in under 9 a share.
No I am not disappointed they beat across the board. At 33.37 BV current SP is about 1.2 BV. 1.5 BV would hit 50. The cost of the merger had one time hit to the bottom line but every other line item looked good. I can wait. If you recall CSE was a trading stock for quite some time..PACW has been a shorters haven for quite awhile but almost all share prices will equal true value over time. GL on selling. I am well diversified so a temp hit here is acceptable to me.
BAC affecting banks stocks. I am not sure why my responses to you don't show up under topics or at least they were not a minute ago.
The way I see it is this. The PE includes today's price BUT it does not include CSE's earnings because those earnings were not included in first quarter report due to merger completion date. The second quarter report should give a truer perspective. gl
Now not to belittle you but let's take an honest look at your idiot statement. Wouldn't BAC fire the white guy and hired an African American CEO instead of paying 4 Billion last quarter for lawyers and still paying obscene amounts of salary and stock options to Jamie Boy. You and all the other shareholders will vote to give him and his cronies even more rewards and believe his BS as long as he spews it.
In case anyone missed it this bank reported earnings everyone liked. So why is that important to this board? Comerica specializes in business loans most noticeably in CALIFORNIA and Texas. That news should accommodate PACW nicely. GL
Today's investors want immediate returns and high stock prices much like the tech sector. Many forget companies like Ford went bankrupt 2 times before making it. Plug has a dedicated team to provide GREEN energy. They are fighting Big Oil and Gas but they have a cause and a product. I look for one speculative stock to hold in my portfolio and I have seen their product in person. My wish is that they succeed. Wishes don't always come true but I am willing to invest to back their cause, Time will tell. GL to longs.
If what you say is true about friends in the world trade center then you should be mad as hell at Bush for putting the Afghanistan conflict on the back burner to invade Iraq that had absolutely no connection to the bombing of the world trade center. If you still have not figured that out you need help.