Bank of America

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#6
(01-09-2019, 05:21 PM)fanobell Wrote: dreamybear, would you buy into Bank of America? Do you think it offers more value than OCBC bank?
I really dun know how to answer whether BOA or OCBC offers better value - maybe the gurus in this forum can better answer the question. Huh But I think both are very good companies to invest in(when they are cheap).

According to the article ( https://www.gurufocus.com/news/770820/wa...-sanofi-sa ), Buffett's purchase price of BOA shares :

"Added: Bank of America Corporation (NYSE:BAC)
Warren Buffett (Trades, Portfolio) added to his holdings in Bank of America Corporation by 29.20%. His purchase prices were between $27.78 and $31.8, with an estimated average price of $30.46. ....."

Since WB's arguably the best investor(& master calculator of intrinic value) in the world, I wld think any purchase price below his should be good. Personally, I wld buy more closer to NTA $19(coz my cash holdings is getting low) but I think there is an extremely high chance for me to miss the boat. Also, as with "investing with WB", our time horizons must be long term - I am prepared to hold BOA possibly forever(already held for 8 yrs +-).

As for OCBC, I think SG/HK/China economies may all face more headwinds in the near future so I wld wait for the price to go at least lower than the NAV(Before valuation surplus). I am not sure what is the NTA of OCBC. 

But if u intend to invest quite a lot, I wld think OCBC is better as there is a chance to earn 4% share lending income.   Tongue
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Messages In This Thread
Bank of America - by dreamybear - 29-07-2019, 09:48 PM
RE: Bank of America - by dreamybear - 31-08-2019, 02:43 PM
RE: Bank of America - by soros - 01-09-2019, 03:40 PM
RE: Bank of America - by fanobell - 01-09-2019, 05:06 PM
RE: Bank of America - by fanobell - 01-09-2019, 05:21 PM
RE: Bank of America - by dreamybear - 01-09-2019, 08:09 PM
RE: Bank of America - by fanobell - 01-09-2019, 08:47 PM
RE: Bank of America - by dreamybear - 02-09-2019, 07:35 PM
RE: Bank of America - by jolinchew - 02-09-2019, 08:28 PM
RE: Bank of America - by dreamybear - 29-07-2020, 05:15 PM
RE: Bank of America - by cyclone - 14-10-2021, 06:56 PM
RE: Bank of America - by dreamybear - 16-05-2023, 10:20 PM

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