OTCPK:MEAOD - Post by User
Post by
sapiensunuson Dec 12, 2012 3:54pm
167 Views
Post# 20721351
Business of Loans.
Business of Loans. A look at an industry in itself.
Before everyone here gets too distorted on loans. Let’s have a take on Bank of America. A spreadsheet full of bad loans… so bad that WB moved in and did some conversions and made a special deal including cash, bonds and stock options when the company was in dire straits. Take a look now. Still some bad loans on the books and viola!
As much as I hate it… deals are made (sometimes with sweet terms for special people) that either work out or don’t. That’s Mr. Market and that’s Business. If you were to study the specifics of any company (especially high cost mines) you would never invest. Take some advice… don’t sweat the stuff the company can write off… look at the production numbers and cash flow and try to understand where the company is coming from and where they are headed. The SP will eventually tell the tale.
GWH