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Non-Tech : Bank of America -- Ignore unavailable to you. Want to Upgrade?


To: Riskmgmt who wrote (4)4/15/2008 3:04:32 PM
From: Kip S  Read Replies (1) | Respond to of 4366
 
Anyone have any recent thoughts on BAC? Will they go to the equity well again in the short term? Have larger-then-expected writedowns announced at earnings Monday? I am getting very tempted by the 7%+ dividend yield. I wouldn't mind buying and losing a couple points--I'd buy for the yield--but I'd rather wait if it might fall to 30 and/or they cut the dividend appreciably. No one rings a bell at the bottom. Is it time to move into BAC yet?

Disclosure: I hold a pretty good-sized position in BAC and would like to double it.
Thanks,

Kip