4 responses to “One controversial Dog of the Dow: Bank of America Corp.”

1. 

   retirein

   April 6, 2006

   You might try learning how to read income statements and balance sheets.
   You might also try focusing a little less on quarterly results, which can vary depending on the time of year, and pay more attention to annual results.
   You might also try going back and doing a little discovery on why results were down last quarter. Just like many other banks, results were impacted by the change in bankruptcy law late last year. If you base your investment decisions solely on the info you get from the Yahoo finance info, you’re in the wrong place.
   While useful, they don’t provide everything you need or should know. And yes, Yahoo has been known to be wrong once in awhile. I know that sounds blasphemous, but it’s true.

   Reply
2. 

   deminvest

   April 6, 2006

   >Just like many other banks, results were
   > impacted by the change in bankruptcy law
   > late last year.

   Strange that this law change is affecting both revenue and earnings. More strange what you will see if you look at the other 2 major US Banks:

   C
   Qtrly Revenue Growth (yoy): 3.40%
   Qtrly Earnings Growth (yoy): 30.30%

   and JPM,
   Qtrly Revenue Growth (yoy): 6.70%
   Qtrly Earnings Growth (yoy): 61.90%

   Funny thatg this new law is affecting heavily one of the 3 major us banks, whyle the other 2 enjoy a great successful quarter. Moreover if at the same P/E I can buy a bank ( C ) which is doing great, why should I jump on tha troubled one?

   >If you base your investment decisions solely
   >on the info you get from the Yahoo finance
   >info, you’re in the wrong place. While
   >useful, they don’t provide everything you
   >need or should know.

   Yahoo Finance gives you the same numbers you can find anywhere else. Unfortunately for you and for BAC, you will find the same P/E and growth figures anywhere.

   >And yes, Yahoo has been known to be wrong
   >once in awhile. I know that sounds
   >blasphemous, but it’s true.

   Everybody can make mistakes, even me! 🙂

   Reply
3. 

   michelle cruz

   April 28, 2006

   this site seems to have good intentions to help out people make good invesments. then maybe it is possible for other investors to drop intelligent hints on this site.. win.. win situation.. nobody is forcing any decision.. it’s all in the gut feel and the data bases. what finally is the outcome or juicy portfolio comes from some sound bases. better than nothing!

   Reply
4. 

   deminvest

   April 28, 2006

   Michelle,

   thank you very much for appreciating this simple site. Yes this site is meant to help small investors like myself to make make a few more good investment decisions and a few less mistakes. I do really believe that direct investment choices by the people can help govern in a more healthy way world economy, which is nowadays becoming more powerful than world single countries politics.
   I am the first one who needs help and new ideas and support, so thanks for your message and…
   let the force be with us dear Michelle… 🙂

   Reply