Replies to post #18314 on Bank of America Corp (BAC)

[stocksnoway]

I think it's core value is 22 and with it making over 3 billion a qtr I don't see why high 20 to very low 30 aren't doable.

AMBAC got a law suite in on dec 31 2014 and the PPS fell from 18.21 to 14's I was invested in FBC back a year or 2 ago and AMBAC put s curse on those shares. Once they went away a tidy profit was made!

It's all a waiting game. Rates will rise AMBAC will eventually go away ( so will this administration) and we'll carry on as usual. Just taking longer than I thought!
GLTU!!