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Non-Tech
Bank of America
An SI Board Since January 2008
Posts SubjectMarks Bans Symbol
4366 67 0 BAC
Emcee:  djia101362 Type:  Unmoderated
Introduction Market Data Compact
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1566BofA needed to borrow $20 billion in TARP from the U.S. Government to help coverQualified Opinion-12/3/2009
1565PNC looks like it will get whacked back to $50 or lower for their capital raise.Keith Feral-12/3/2009
1564$23 billion in credit card losses is the driving force for BAC's capital raiKeith Feral-12/3/2009
1563Legacy shareholders should sue BofA for not putting the acquisition of CountrywiQualified Opinion-12/3/2009
1562Massive Merrill Lynch losses in 2008 forced BofA to raise capital through the U.Qualified Opinion-12/3/2009
1561$20 billion for MER was a helluva deal. The $4 billion Countrywide deal was a uKeith Feral-12/3/2009
1560At $32 per share, BofA market value would be around $320 billion. At $38 per shaQualified Opinion-12/3/2009
1559The accretion from the lower preferred dividend payout is also a long term benefKeith Feral-12/3/2009
1558Dilution lowers normalized earnings per share in the long term.Qualified Opinion-12/3/2009
1557marketwatch.com Assessment of capital raise for the rest of the TARP banks. I Keith Feral-12/3/2009
1556Why cut the price target with such an accretive transaction? The elimination ofKeith Feral-12/3/2009
1555After the capital raise, BofA should have around 10 billion shares outstanding. Qualified Opinion-12/3/2009
1554SUMMARY The following information summarizes the Common Equivalent Securities,Qualified Opinion-12/3/2009
1553It's a 5% kicker. About 1.2 billion shares and 60m 1c warrantsSr K-12/3/2009
1552I look at the deal as a $18.8 billion preferred with a $1 billion warrant attachKeith Feral-12/2/2009
1551If they try to tie down the stock until next Tuesday might be a good chance buy djia101362-12/2/2009
1550Conversion date sounds like 105 days from the date of issuance. However, they seQualified Opinion112/2/2009
1549Excerpt: The $18.8 billion issuance of "common equivalent securities"Qualified Opinion-12/2/2009
1548Interesting that BAC finally gets approval to repay TARP the day before BernankeKeith Feral-12/2/2009
1547It only makes a 5% earnings difference as to whether they convert the preferred Keith Feral-12/2/2009
1546Preferred offering for $18.8 billion on Monday cnbc.comQualified Opinion-12/2/2009
1545Or 105 days - <Within 105 days of selling these new securities, Bank of AmerKeith Feral-12/2/2009
1544Authorized shares outstanding should be increased to include the common shares wQualified Opinion-12/2/2009
1543reuters.com I guess demand for the CEO position just went up a notch. I reallyKeith Feral-12/2/2009
1542And they count towards Tier 1, which improves their Tier 1 common ratio by gettiKeith Feral-12/2/2009
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