Free 7-day Trial
All Articles and Columns »

Banking Guru Tom Brown Thinks Bank of America Is Significantly Undervalued

January 17, 2013 | About:
CanadianValue

CanadianValue

207 followers
Okay, time to check in with someone who probably knows what he is talking about when it comes to the banking sector, Mr. Tom Brown of Second Curve.

Bruce Berkowitz is famously long Bank of America (BAC) and Brown agrees that it is attractively priced. Here are his thoughts from earlier today after the BAC earnings were released:

- He thought the earnings release was terrific and that 2012 was a year of massive improvement for Bank of America.

- Over the next few years Bank of America is going to be a great dividend and repurchase story.

- He thinks BAC trading under tangible book value, with the ability to make $2.50 per share in a couple of years, is significantly undervalued today.



About the author:

CanadianValue
http://valueinvestorcanada.blogspot.com/

Rating: 5.0/5 (4 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Hide