The Co. will almost certainly be profitable in the future, but it will probably also be the kind of low-beta stock that outperfoms bear markets but underperforms bull markets. Since I think, and hope, that we are in the very early stages of a bull market.. [more]
This stock, like the subject of my previous post, seems at the moment to be more popular with this site's lowest rated members than with it's "All-Stars".
A formula I'm testing,but not really sold on yet, says that $18/share be a more reasonabe price for this stock than the $27.95 it closed at on May 11, 2009.
Check out this stock's "Scorecard" page here at Motley Fool, and you'll find that, as of May 9th, 2009, anyway, those members with "<20" ratings are notably more enthusiastic about it than the "All-Stars". More of them have active "Underperform" picks on it than "Outperform" picks. That is a big part of the reason I chose to end my own "Outperform" pick. [more]
One of the Alerts I got today (May 5, 2009) revealed that no fewer than 10 members with ratings higher than 90 closed "Outperform" picks on BAC today. A quick check of that stock's "Scorecard" page here reveals that the large majority of All-Stars with active picks in this stock are still bullish on it, but I interpret the Alert as meaning their enthusiasm for this outfit is waning. So my disappointment in seeing my own "Underperform" pick in it lose points today is moderated somewhat. [more]
Check out the insider trading stats on this stock. They're available at, among oher places, http:// www.moneycentral.com . You'll see that the Board of Directors and the CEO have been buying plenty of shares on the open market, and keeping the bulk of the ones they get through exercising options. Just try to come up with a bearish explanation of THAT phenomenon. I can't.