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BofA

Discussion in 'Money & Finance Forum' started by VA49er, Jan 16, 2009.

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  1. Feb 20, 2009 at 8:29 AM #11
    wolfpac

    wolfpac Full Access Member

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    Closed at 3.93 yesterday and the futures aren't looking too good for it today.
     
  2. Feb 20, 2009 at 8:57 AM #12
    tonync55

    tonync55 Full Access Member

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    But isn't it in much better shape than Citi? That's like saying someone dying of lung cancer is in better shape than someone dying of colon cancer. Just saying.
     
  3. Feb 20, 2009 at 9:23 AM #13
    chipshotx

    chipshotx Full Access Member

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    BofA isn't dying
     
  4. Feb 20, 2009 at 9:40 AM #14
    wolfpac

    wolfpac Full Access Member

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    BofA is in better shape than Citi but everytime nationalization gets mentioned, I think the stock drops another 10% and for good reason as nationalization takes the stock price to 0. Thus, people are unloading it everytime they get nervous about nationalization and Graham isn't helping those fears.
     
  5. Feb 20, 2009 at 10:30 AM #15
    VA49er

    VA49er Full Access Member

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    Yes, it is in much better shape than Citi due to BofA's cost of funds. Huge difference between Citi and BofA in that regard. BofA can get through this while I'm not so sure about Citi. Much of the negativity towards BofA is due to Citi anyway.
     
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