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Non-Tech : Bank of America

BAC 52.97

+0.9%

4:00 PM EST

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To: tcd who wrote (1330)	10/27/2009 11:31:54 AM
From: Keith Feral	Read Replies (2) of 4366

Fine tuning the opportunities for BAC to raise capital $15 billion - CCB Q3 2011 lock up $2 billion - Columbia and First Republic (maybe another $3 bln) Q1 2010 $11 billion - Blackrock (1/3 of $45 bln market cap) If BAC returns to profitability soon, or at least puts an end to the $6 billion in quarterly writedowns from MER CDS charges and other 1 time losses, they would be able to generate a boatload of capital for the next several quarters as they get back to normalized earnings in the second half of 2010. The only reason for BAC to sell any shares in the near term would be for mgmt to serve it's own near term interests to restore their pay cuts. BAC should sit back and pay the $700 million TARP divvies for a couple more quarters til they improve their TCE, T1Capital, and T1Common ratios.

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