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Strategies & Market Trends : Value Investing
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To: Spekulatius who wrote (43357)7/18/2011 9:25:10 AM
From: gcrispin  Read Replies (2) of 78628
 
With respect to BAC, it seems that the time table of "muddling through" is what is coming into question. It's anybody's guess as to how long it will take to work through their real estate issues. My view is that Bank of America is an intriguing speculation, but how long it will take for them to recapitalize is really a call on the economy. My own observations in my locale is that BAC isn't as aggressive as other banks in disposing of their foreclosures. Wells Fargo has been very aggressive where as BAC places certain criteria that requires a potential buyer to use BOA in regard to their short sales. For that reason, BAC properties seem to linger on the market. This is just my anecdotal observation for what it's worth. Regardless, tomorrow earnings report should shed some light on the bank's progress.

bloomberg.com
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