Time to buy BAC?
Everyone knows about its unrealized losses but there will never be a bank run or liquidity crunch. Dividend yield is approaching 4%. It just had good earnings and is trading around 52w low. No need to mention Buffett. It looks too oversold but day after day people keep selling it.
One problem I have is with its management. Moynihan has been nothing but a huge disappointment judging by its stock performance (relative to other banks). Not sure why shareholders haven’t revolted yet. Any thoughts? $Bank of America(BAC.US$
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Broset311 : lol unrealized will be realized
Wongcs : Yes, I think it is a good entry price now
Broset311 : Remember new rule goes into effect today and they will be doing some margin calls today
WH123 : Should we have waited a little longer?