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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (37104)	3/28/2010 9:25:48 AM
From: blastedwand	Respond to of 78752

I think both BAC and C are both going a lot higher once the dust settles. On the one hand I agree that it is hard to make heads or tails out of the balance sheet. on the other hand, unless I think the world is coming to an end (which I do not), both will emerge as strong if not stronger than before. Is it not only a matter of time before the government overhang is gone, they start buying back stock with all the cash they have, and fire up the dividend once again? If the answer is yes, then most will kick themselves that they did not take a position when they had the chance. I should state I am long 100,000 shares of C and 20000 shares of BAC. Avg price for C is 3.69 and bac is 10.63.

To: Spekulatius who wrote (37104)	3/28/2010 10:18:05 AM
From: Jurgis Bekepuris	Read Replies (2) \| Respond to of 78752

C, BAC and AIG investing is really a faith based investing that the crap has been flushed out and it will take another decade or so to accumulate another load of crap. You know like the roto-rooter company comes and cleans your sewage lines. ;) It's good if they catch all the crap, it's not so good if there is another backup somewhere after they leave. Maybe the plumbers did a good job, but I'm not gonna put my money on it. :) If someone is very adventurous, they could climb down into a sewer line to check out the situation. Apparently even Bruce has not done that really... ;)

To: Spekulatius who wrote (37104)	3/28/2010 6:01:52 PM
From: upanddown	Respond to of 78752

Plus Fairholme holds SHLD. Is there two more stodgy and dying retailers in America than Sears and Kmart and this pile of junk is selling for 40 PE and that is supposed to be a value stock? SHLD is really only being held up by the open checkbook of Eddie Lampert. Berkowitz was Morningstar Domestic Fund manager of the decade ending last Dec but that was with a much lower asset base. He did 13.3% annualized. I very much doubt he will match that with $14B to manage especially with such lame stock picks.