Buffet goes "all in" on BAC and states it is the best stock in the market...

[toc]

In 2008 crisis Buffet went big into Goldman Sachs and it payed off handsomely. BAC should be another good stock to own it seems.

 

[Scataphagos]

Quote from 1flyfisher:

Really? He just got another outstanding deal for berkshire once again.

Maybe.

In 2008, there were a few big plays on Citi.. all too early... got hammered. Buffy could be one of "those" this time, too.

 

[Hook N. Sinker]

http://www.bankinvestmentconsultant...ett-investment-bank-of-america-2674840-1.html

"The terms of the legendary investor s deal, which grants Buffett s Berkshire Hathaway Inc. $5 billion in perpetual preferred stock and warrants to buy B of A stock at just over $7 a share, include no lockup period."

 

[zdreg]

Quote from Scataphagos:

Maybe.

In 2008, there were a few big plays on Citi.. all too early... got hammered. Buffy could be one of "those" this time, too.

u could be right but don't compare arab sheiks and advisors to buffett.

anyway if u read reports on the subjects the deal is a no lose deal. if
obama gets reelected under the worst circumstance obama
bails him out. equity holders get nothing but preferred share holders protected. if something works out warrants could be a big bargain + time is on his side. sounds like a great deal for buffet.

ps this play is a small part of his assets.

 

[billsafari]

Buffet might be early to the party again. Like with GS. If he had waited he could of picked up the common at 50.

 

[zdreg]

Quote from billsafari:

Buffet might be early to the party again. Like with GS. If he had waited he could of picked up the common at 50.

you remind me of numerous posters on ET who belittle jim rogers. bottom line is rogers and buffet have it big time. those posters are likely not to have a pot to piss in. go ahead and enjoy the sin of envy.

 

[1flyfisher]

+1
LOL...exactly.
These idiots can't even comprehend this deal and how sweet it is for him just like the goldman deal.

Quote from zdreg:

you remind me of numerous posters on ET who belittle jim rogers. bottom line is rogers and buffet have it big time. those posters are likely not to have a pot to piss in. go ahead and enjoy the sin of envy.

 

[J Ski]

Quote from SnakeEYE:



only when i see someone goes all-in!

 

[blackjack007]

how was the GS deal great? he netted 35% from it. had he simply bought & sold SPY in the same period, he would have netted 55% including dividends.

 

[TradetoWin]

True to his advice-- be greedy when everyone is fearful, be fearful when everyone is greedy. You noticed that he invest big time in crisis when everyone is afraid.