Comments on: Paulson Thinks He Can Make Three Times His Money On Bank of America

By: From Genius to Cannon Fodder in Less Than a Year | FavStocks

From Genius to Cannon Fodder in Less Than a Year | FavStocks — Mon, 22 Aug 2011 08:31:20 +0000

[...] power” being north of $4 per share back in early 2010. Paulson was even quoted as making a $30/share end of 2011 prediction for BAC. Of course, this was pie in the sky talk based on a strong economy, a recovery in housing, and [...]

By: From Genius to Cannon Fodder in Less Than a Year | FavStocks

From Genius to Cannon Fodder in Less Than a Year | FavStocks — Mon, 22 Aug 2011 08:31:20 +0000

By: From Genius to Cannon Fodder in Less Than a Year | The Stock Sage

From Genius to Cannon Fodder in Less Than a Year | The Stock Sage — Sun, 21 Aug 2011 13:20:40 +0000

By: A3731562

A3731562 — Fri, 01 Apr 2011 22:39:00 +0000

Not really there yet. Closed today at 13.37. 02 April 2011

By: John Paulson makes a flaw in Bank of America' (BAC) EPS | ValueWalk.com

John Paulson makes a flaw in Bank of America' (BAC) EPS | ValueWalk.com — Mon, 25 Oct 2010 16:08:15 +0000

[...] to Teri Buhl at Forbes.com link here He predicts Bank of America will have earnings of $3 per share by the end 2012. Using a 10X [...]

By: Billioanire John Paulson : Everyone should buy a house NOW because rates are so low »

Sat, 23 Oct 2010 10:41:13 +0000

[...] summer Paulson was telling investors he predicts BofA to score a whopping $3 EPS by the begining of 2012. Today he changed that target to $2.66 normalized EPS in 2012. If you assume a price to [...]

By: guest

guest — Wed, 18 Nov 2009 23:35:56 +0000

You rock DB – great info I didn’t read elsewhere. Way to keep your edge.

By: guest

guest — Wed, 18 Nov 2009 20:44:27 +0000

@1 this report looks like they got the news from marketing material used to raise money and not an investor letter.
Since we’ve seen the WSJ and the NYT Dealbook steal Dealbreaker’s investor letter news and source it as their own – I think they shouldn’t post them any longer. It sucks for DB’s readers but also might make major pubs man up and realize Bess and Teri break original news and should be recognized for it.

By: Tommy

Tommy — Wed, 18 Nov 2009 19:04:29 +0000

Nice get Buhl. Heck- why didn’t that Bloomberg story tell us this whole growth prediction is about Paulson thinking BofA can get to $3eps.
Once again Dealbreaker beats major media.

By: guest

guest — Wed, 18 Nov 2009 17:04:43 +0000

Teri Buhl, I find you très intrigant.

By: guest

guest — Wed, 18 Nov 2009 16:43:24 +0000

WOOLY BUHLY!

By: Investorcluzo

Investorcluzo — Wed, 18 Nov 2009 16:31:54 +0000

this is the same propaganda warren b (not to be confused with “g”) was spewing on wells, but with a slightly different spin…the banks will earn their way out of the hole.
while I agree with @negconvex that in a steep curve environment, you have to work hard to lose money, there is another factor at play: atrophy. QoQ bac is losing (non-interest bearing) deposits and revenues, down 1% and 20%, respectively. so the question is: are those normalized numbers reflective of the “new” bac reality?
bottom line: the franchise is broken and the mothership needs a leader to repair its image – until then, it’s dead money aside from hedgies talking up their book to move the stock.

By: NegativeConvexity

NegativeConvexity — Wed, 18 Nov 2009 16:00:45 +0000

Bernanke is holding rates artificially low with precisely this objective in mind. The Kilimanjaro-steepness of the yield curve is designed to bail out the financial sector by earning the balance sheet back into health.
In 1H09 BAC’s deposits & fed funds went to $1.163tr from $978b in 1H08, yet interest expense went DOWN from $15.3b to $8.2b.
You can’t fuck with that.

By: guest

guest — Wed, 18 Nov 2009 15:56:04 +0000

Any chance of getting the full quarterly letter he wrote?