02-11-2016, 09:57 AM
Couldn't resist and bought BAC at $11.32. Issues from the past few years have all been cleared up. They are massively profitable and out of favor due to the Countrywide acquisition, but the associated liabilities have been removed. Their annual dividend is being held at only $0.20 by the govt, so they have over $1/share of retained earnings. As soon as they are cleared to raise their dividend, we'll probably see some great dividend growth and share repurchases. This is a smaller position for me, and a value play. Probably won't hold onto this forever.