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

To: Paul Senior who wrote (44657)	9/28/2011 9:22:57 PM
From: hardincap	Respond to of 78680

Berkowitz said in an interview these NPLs are actually making money (ie yielding positive cashflow). I doubt this is true, but I can't find info on this in their 10k or 10qs. Anyone know how I can find this out?

To: Paul Senior who wrote (44657)	9/28/2011 11:05:00 PM
From: NikhilJog	Respond to of 78680

watch out for fannie and freddi talking about opening up court cases to put back mortgages back at the bank AFTER they have reached a settlement last yr. However there is one event in my mind - if that happens, BAC will be trading at a much higher value in 12 months.. O and Paul, don;t forget to check out my latest writeup on Dell........

To: Paul Senior who wrote (44657)	9/28/2011 11:16:31 PM
From: Spekulatius	Read Replies (2) \| Respond to of 78680

>>BAC. $30B non-performing? I didn't know it was that much. It's a lot.<< BAC has 37B$ in reserves that are not included in equity or book value that would cover a 100% loss of the nonperforming assets and have 7b$ leftover. Those NPA are not the problem, the problem are the unquantifiable potential losses due to bad mortgages written from 2005-2008,mostly from Countrywide. I don't own this right now (licking some wounds) as I am on. Wash sale timeout, but if it weren't for that mortgage issue, BAC looks like it could withstand another recession without issue, IMO.it certainly isn't as weak as some analyst make it. But then again, you can buy C as well which has none of these mortgage issues and are cheap too.