Maybe the interest/gains he's made on the bonds he bought when the stock price was under $10 and the bonds were tanking as well?
I also don't think that $1.5 million is much for this guy, so it's not as if he's betting his house on it.
However, my personal opinion has always been that this company is a house of cards that relies on having cheap credit available for growth, and the ability to continue filling ships week in and week out. Turn off, or merely decrease either of those variables and losses will quickly ensue.
Well, they say a picture is worth lots of words.
whole company is currently valued at what they lost over past 12 months.
doesn't seem right - stock is way undervalued, even with the losses currently being posted.
Well, I'm going to dip my toe in the water here and dollar cost average every few months. No doubt banks/financials will continue to be a rocky ride going forward, however, when you look at BofA and compare with STI there really is no comparison - STI is doing very well.
As far as the folks complaining about new fees, get over it, as others mention, every bank will be doing it. If every bank is tacking on fees, then you'll have very few places to turn to. Additionally, as far as the fees go, generally they apply to those who maintain low balances. We've been with BofA for about 20 years (as a result of acquisitions) and have never paid any banking fees. Over the past few years, BofA has in fact raised fees - for those who maintain low balances. If you want to avoid the fees - simple - just set up direct deposit of your paycheck and maintain some minimum balance. It costs money for the bank to simply maintain your account - if you plan to keep an average balance of $100, then guess what - you're going to be charged monthly fees.
Par for the course at this company. You'd think at the current stock price insiders would be buyers. Well, they're insiders so I'm sure they know best.
It seems like insiders are beginning to step up here. Considering their historical propensity to be sellers of the stock, these purchases are significant.
This appears to have been a market transaction with money out of his own pocket.
10,000 shares purchased at $31.99
Considering the historical insider buying (never) this purchase is significant.
Are you really that Fk'ing stupid to believe that BS.....come on....you can't possibly be that FK'ing dumb