BAC Puts/ Sell?

[berkshiremystery]

Kevin42u, you are correct.  When BRuce B was first buying BAC it was in the 15 range, and he saw it as deep value.

 

Buffett held AXP awhile but had definitely sold out before he wound up his partnership.  Then he bought back in sometime in the mid 80s pre coke. 

 

Merrill was bought for 50 B.  BAC is valued at 90 B today.  If they floated ML they could do one hell of a buyback and dividend, and reduce their Basel and Sifi requirements.  My guess Kraven is that ML is probably worth closer to 100 B these days.  It was kind of a fire sale at the time to keep it afloat. 

 

Countrywide, maybe not so much....

 

The IB business is going to pick up.  It would not surprise me if ML was IPOed at an optimum time.  Since they dont really need the cash they might as well wait until they canget top dollar for it.

 

Well,... seems to me the same way, that the single pieces individually are worth more than the current BAC share price. Comparable with the FFH situation years ago, where it traded below the individual value of ORH and NBFC.