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

To: Mattyice who wrote (39614)	10/12/2010 12:18:14 AM
From: Spekulatius	Read Replies (2) \| Respond to of 78634

re BAC - I owned a few shares too recently but then decided to get rid of them in favor of some WFC. The reason: If I put 1/2 my BAC allocation into WFC and the other half into GS, i own the same business mix (investment banking and gambling (a. K proprietary trading) + banking) at the same PE and with better focus and much stronger management. Instead of middle of the road (BofA) or even bottom of the barrel business ( Merrill Lynch) I could own best in class in either sector. Granted BAC trades for 1.1x tangible book while GS goes for 1.2X and WFC for 1.5x, but if I have the choice to go for low price/tangible book or better franchise value and management I'd always go for the latter

To: Mattyice who wrote (39614)	10/12/2010 1:41:37 AM
From: Madharry	Read Replies (1) \| Respond to of 78634

I would not touch banks with a ten foot pole now.

To: Mattyice who wrote (39614)	10/12/2010 11:21:02 AM
From: RonBurgundy73	Read Replies (2) \| Respond to of 78634

Mr. Monday, I think its clear the trading bozo here is you and not your "investment banker bozo". "BAC - i could spend all night detailing why this thing could go higher or hell even lower" - hell i could call 1-800-predict-a-weather and get them to tell me that its going to rain, but it could also not rain... If you do in reality spend all night "detailing" (are you going to shine, clean it inside and out, that puppy out like a 1965 Chevrolet Chevelle SS ???); why this "thing" - lets not forget the diminishing sound of that - could go up or down, at the end you will come up with nothing, because you will be contradicting yourself all night. just my thoughts.