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Friday November 13, 2009

DrStockPick.com Stock Report!

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Consorteum Holdings Inc. (OTCBB: CSRH) announced that it has proceeded to launch its consumer stored value rebate card. The consumer rebate card program will offer manufacturers and retailers a new way to process mail-in rebates that ensures increased customer loyalty and decreased overhead costs. Consorteum will work directly with manufactures and retailers to reduce the administration costs associated with mail-in rebate programs while providing a new way to increase consumer awareness. Additional revenue and cost-saving opportunities will be

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On Thursday June 4, 2009, several news items hit the tape which raise some concerns for Bank of America (BAC) over the near term regarding the potential for enhanced legal fee expenses and enhanced credit issues.First, Angelo Mozilo, former chairman of the once top U.S. mortgage lender Countrywide Financial -- which was acquired by BAC last year (the name was scrapped about 10 months later) -- and several other executives were accused by The Securities and Exchange Commission (SEC) of fraud. A criminal investigation has occurred based on emails in Mr. Mozilo warned of his company's "toxic subprime mortgages" at the height of the housing boom.On Sept. 26, 2006, there was an email that stated, "The bottom line is that we are flying blind on how these loans will perform in a stressed environment of higher unemployment, reduced values and slowing home sales." This ...

One trade I have been extremely bullish on is a long position on the KBW Bank Index [KBE: 18.71, 0.00 (0.00%)] while  shorting the KBW Regional Bank Index [KRE: 21.09, 0.00 (0.00%)].  This trade has worked out very well ever since I wrote on RealMoney’s Columnist Conversation with the trade.  The play is betting on the relative out-performance of the large cap banks compared to smaller regional banks.  The trade is unique in the sense that you are hedging your downside risk by shorting the Regional Bank Index, but profit when the spread widens.

In more detail, the KBE is an ETF of the 20 largest banking institutions in the U.S.  Players like Bank of America [BAC: 11.31, 0.00 (0.00%)], Wells Fargo [WFC: 25.69, 0.00 (0.00%)], J.P. Morgan, US Bancorp, and Bank of New York Mellon [BK: 28.44, 0.00 (0.00%)]

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Following the release of the government’s “Stress Test” results, 10 of the largest 19 banks will be required to raise additional capital. This additional capital needed by these 10 banks will cushion their existing capital in the event of a further market deterioration. Among the top banks that need to raise additional capital is Bank of America [BAC: 14.17, 0.00 (0.00%)]. Fed officials are forcing BofA to raise more capital to ensure it will have sufficient Tier 1 capital to absorb losses from an adverse scenario.

Fed officials targeted the largest banks and provided them with a scenario in which 2 year loan loss rates increased substantially. From these increased rates, fed officials estimated that another $599 billion could be written down by the largest 19 financial institutions. The hardest hit bank

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Notes from the Investment Underground Monday, April 27, 2009 Palermo Viejo, Buenos Aires, Argentina

Welcome to Sopranos USA… Can the “junk-stock” rally last? Credit to get worse before it gets better… Feds’ “hair of the dog” recovery plan… Shockwave coming… Jim Rogers on why he’s not buying stocks… Introducing your new Notes tax expert, Raife Neuman… And more!

*** What kind of men have we entrusted to manage our economy? And whose interests do they serve? Get the answer to either of these questions wrong and you’re in for a rough ride as an investor.

*** Consider the facts surrounding the Bank of America’s takeover of Merrill Lynch.

Thanks to New York Attorney General Andrew Cuomo, we know that former Treasury secretary Hank “The Hammer” Paulson and Fed chief Benny “Two Fingers” Bernanke violated U.S. securities law by keeping the huge losses sustained by

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Highlights include Bank of America Corporation (BAC), American International Group, Inc. (AIG), Citigroup, Inc. (C), JPMorgan & Chase Co., Inc. (JPM) and BB&T, Inc. (BBT)BAC Reports Better Results on Acquisitions, One-Time & Mark-to-Market GainsBank of America Corporation (BAC) this morning reported its 1Q09 net income at $4.2 billion and diluted earnings (after preferred dividends) of $0.44 per share, ahead of the median expectations of $0.04 per share.We may add that the range of analysts' expectations has been very wide for the banks this quarter, due to uncertainties related to mark-to-market accounting benefits, AIG (AIG) payout benefits and numerous special items. In the case of BAC, the estimates ranged from a loss of $0.22 per share to a gain of $0.20 per share.Results for the quarter included Merrill Lynch (which Bank of America had acquired ...

Is there a problem? And is there a solution? My answers: yes, and yes.

Here are some numbers for the compensation received in 2006 by some of the folks who helped get us into our current mess:

Bear Stearns: $34 million for CEO James Cayne. The acknowledged direct cost to the taxpayers from Bear's demise so far is $2.7 billion; ten times that number may be a more reasonable assessment of the actual cost. Lehman Brothers: $27 million for CEO Richard Fuld. The financial freeze that followed the collapse of Lehman is seen by many as the key event that turned the recession of 2007-08 into the frightening freefall currently under way. Citigroup: $25 million for CEO Charles Prince. Citi's stock price has since fallen from $50 a share to $3.50. Countrywide Financial: $43 million for CEO Angelo Mozilo. According to Ashcraft

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Saturday January 17, 2009 Navivest

Bank of America Corporation (BAC) yesterday reported that for fiscal year 2008, revenue on a fully taxable-equivalent basis, climbed by 8% to $73.98 billion from $68.58 billion a year ago.

BofA also reported that net interest income, which is the difference between the interest income that a bank earns from its loans and investments on funds collected from depositors and the interest paid to those depositors, increased to $46.55 billion from $36.19 billion in 2007, on higher market-based income, consumer and commercial loan growth, the favorable rate environment and the addition of Countrywide and LaSalle.

The bank’s net interest yield grew by 38 basis points to 2.98%, on what it terms a “more favorable interest rate environment and product mix.”

BofA reported that its full-year 2008 net income was $4.01 billion compared with net income of $14.98 billion a year earlier.

Earnings after preferred dividends were $2.56 billion, or

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Blue Ridge CapitalBlue Ridge Capital | John A. Griffin Holdings AnalysisThis post is being written as part of my Investment Securities Tool which analyzes the holdings of hedge fund managers.Blue Ridge Capital is ran by John A. Griffin. Griffin is similar to Steve Mandel at Lone Pine Capital and Lee Ainslie at Maverick Capital in that they all are 'Tiger Cubs' (a.k.a. pupils of Julian Robertson while at Tiger Management). Griffin though, is more well known because he was Julian Robertson's right hand man. So, needless to say, the dude knows his stuff. Blue Ridge seeks absolute returns by investing in companies who dominate their industries and shorting the companies who have fundamental problems. And, right off the bat that presents us with a bit ...

I didn't need to look for impropriety at American Home Mortgage to guess that it should be considered if you were to make an investment in their defaulted paper. They appointed Stephen Cooper CEO. Stephen Cooper is who you appoint when you do not want the bankruptcy management looking at your past. See my last post. The Wall Street Journal has however beaten me to the story. In an article about two Bear Stearns executives that face indictment is this little throw-away: Federal prosecutors in Brooklyn are investigating whether the Swiss bank UBS AG improperly valued its holdings and whether the collapsed mortgage lender American Home Mortgage Investment Corp. of Melville, N.Y., engaged in accounting fraud, people familiar with the matters have said. Prosecutors in Manhattan and Los Angeles are respectively probing whether mortgage lender Countrywide Financial Corp. engaged in securities fraud or loan fraud. None ...