Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
How far will gold and silver fall?
>
Reply to Thread
Message:
<p>[QUOTE="medoraman, post: 1251255, member: 26302"]Just to clear the air, the recent settlement was for 8 billion, and there are a couple of others in the neighborhood of 20 billion. As a percentage of owners all of those are about a quarter of the equity, and just a tiny fraction of assets. Yes, it will hurt future performance, but I believe that is factored into the stock price. I was buying Citi at a dollar a share, where you say the "writing is on the wall". Well it wasn't and it rebounded from that price. </p><p><br /></p><p>I just thought your post was sounding like you were sure that BoA was going bankrupt because something as silly as a share price. Even at $5 a share its total equity is in the tens of billions. Trying to say something is predictable because of share price is silly, they could tomorrow do a 10-1 reverse split and take the share price from $5 to $50 like Citi did. Share price is a small investors siren song, luring them to incorrect conclusions constantly. Look at total equity value, shares outstanding times price per share, and you will see how massively BoA is still valued over most other firms. </p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1251255, member: 26302"]Just to clear the air, the recent settlement was for 8 billion, and there are a couple of others in the neighborhood of 20 billion. As a percentage of owners all of those are about a quarter of the equity, and just a tiny fraction of assets. Yes, it will hurt future performance, but I believe that is factored into the stock price. I was buying Citi at a dollar a share, where you say the "writing is on the wall". Well it wasn't and it rebounded from that price. I just thought your post was sounding like you were sure that BoA was going bankrupt because something as silly as a share price. Even at $5 a share its total equity is in the tens of billions. Trying to say something is predictable because of share price is silly, they could tomorrow do a 10-1 reverse split and take the share price from $5 to $50 like Citi did. Share price is a small investors siren song, luring them to incorrect conclusions constantly. Look at total equity value, shares outstanding times price per share, and you will see how massively BoA is still valued over most other firms. Chris[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
How far will gold and silver fall?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...