ericd1

According to the yearend annual report BAC had 16B in pfds 21B in trust pfds. They are included in the total 163B of Tier 1 capital. At YE their tier 1 capital was 11.2% Basel III requires 6% tier 1 capital and excludes trust pfds along with other balance sheet adjustments. Removing the trust pfds doesn't drop their tier 1 ratio enough be be a concern. Also i do not believe the final Basel rules and phase-in rules have been established yet by the Feds for US banks. I believe they will be able to swap the trust pfds for new pfds that qualify if they want to. See pages 68-70 in the 2010 annual report.

It's my understanding that cumulative trust preferred stock (TRUPS) will not count toward Tier I capital after January 1, 2013. A traditional preferred (not a TRUPS) would continue to count as Tier 1 Capital before and after January 1, 2013.

With Quicken I download all my transactions from the brokers. (Fidelity, Schwab and TDAmeritrade) Nothing manual unless there's a spin-off, name change or misc transaction. From Quicken I can export about whatever I need into Excel. Works for me

Although Buffett has more than enough experience to make his own assessment of BAC's prospects, don't forget that Todd Combs has a fair amount of experience with financials. I would imagine Buffett had been viewing the carnage in BAC over the past several weeks and he had some time to do enough due diligence to make the investment. I wish Buffett had waited a little bit longer, so I could have added to my position, but he didn't. BTW, I'd like to find some 6% preferreds with attached free warrants. -- Long BAC

Myth - I agree - new leadership, new direction. I can understand exiting tablets, but shedding the whole pc division doesn't make sense. Competing with IBM and others is going to be an uphill battle for HP. I'm surprised the board went along with the proposal. I'm 100% HP with my office and home computer and printer equipment Maybe the spinoff will result in better equipment...maybe not.

I did too - Hope they have them :) Many thanks! You gotta love this board!

I doubt if anything is "different this time" - The average investor studies show they typically buy high and sell low! Most folks are "wired" incorrectly to be successful in the market!

Wow - Well Amazon stores still have some, but not at discounted prices

I've been watching the tablet price on Amazon today and it has actually gone up from $299 to $349 (32MB)!

Oops - something changed - I'm seeing the older graphical format now... ? EDIT - 5 mins later and now we're back to the new format... ??

What a great "value" -- All sold out in my neck of the woods. But I added my name to the HP website signup to be alerted if/when they get more in stock. I may not get one, but it's likely they some production in process. Amazon still hasn't reduced prices!

Quite nice - Seems quite a bit faster too!!! :)

WSJ - Live Asian Blog comment...Interesting commentary on the looming recession http://blogs.wsj.com/marketbeat/2011/08/18/live-blog-asian-markets/?mod=WSJ_markets_article_liveupdate 10:31 pm US Oil Data Show No Sign Of Recession - Goldman Sachs by Gurdeep Singh Add a Comment Crude is under pressure after the Philly Fed Index dropped to -30.7 in August, a level typically associated with a U.S. recession, Goldman Sachs analysts say in a note. "However while the Philly Fed Survey certainly raises the risk of recession, and the downside risks to our forecasts, the oil market data continues to show no sign of recession." They note U.S. oil demand over the past three weeks has risen to the highest levels for this time of year since before the financial crisis. The supply-demand balance remains firm despite being more than halfway through the 30 million-barrel U.S. strategic reserve release; global oil markets could face extremely tight fundamentals in 2H11 if a recession is avoided; market data continue to suggest that the trajectory for crude prices is higher into 2012.

I'm not finding as many bargains in my watch/buy list today as I did last week! Maybe tomorrow... :) Looks like we're not going be using any oil next year...how soon Mr. Market forgets... Let's see, lower gas prices means more disposable income for consumers...spending improves and the economy strengthens...What a concept!

No DCG I didn't - tried it and it works great thanks for the tip Probably a number of other shortcuts I haven't found. My finger-flicking will be significantly reduced. You probably saved apple from a nasty lawsuit. LOL

Where's the home key on my iPad? LOL. Apple is causing me finagle-flicking carpel-tunnel-digit syndrom

Yahoo finance shows he owns 481,806 BAC shares 6/11 ~$3.5M Sure seems like he should have accumulated some other assets along the way.

Glad to be back Parsad! I was missing my daily dose of valuable commentary!!! Cheers!

I added to my Marathon Petroleum (MPC) position. Spin off of refinery, distribution, retail stations and pipeline operations of Marathon Oil (MRO). Earned 2.23 this qtr. Expect earnings of $4-6 next 12 mos - depends on price of oil. Makes the p/e 5-6x Traded below $30 today May trade MRO shares for more MPC

There's also those who believe high frequency trading is responsible for a good share of the decline. I'm with the group. It will be interesting when the SEC reports what they discover!

Bal - I think the interest in BAC is because it has potential to be a double, triple or more. The potential is there, but they need to work thru a number of issues, which they are trying to do. I have a small position betting they will work things out.

How soon we forget...Evidently there's an oil glut now...futures ~$83...energy sector hit hard like financials. I guess we're going back to $10/bbl - LOL

Bank capital (for example Tier I) is NOT the same as shareholders' equity - Period! http://en.wikipedia.org/wiki/Tier_1_capital If you want to understand the concept read the Basel Accord for the details.

This is crazy...Oil trading down below $85 a barrel -- BKR-B pre-mkt below $70...

If you can find the information in the 10k or other filings then it would be considered public information. The revenue and GPM projections are not likely to be there and that would be insider information. Perhaps the company has some investor presentations that aren't posted on the website. If they had the info and the company would post them it would be helpful to other investors. Sounds like they need some investor relations help.