RE:RE:RE:RE:Three times return2011 after buffet deal at BAC, the stock price didn't go down.(?)
if you bought on 2011 around 7, today you can sell at 24..
i think home capital is the same story: find undervalue stock with trouble issue, and invest it.
Tater78 wrote: WB got a deal that wasn't offered to anyone else. Had you bought common equity on that day, you would have earned an 18% return annually. That's pretty good. However, you would have gone negative for the first 9month of that investement and taken a >50% drawdown. Most investors can't stomach that. WB didn't have to.
mmsl7751 wrote: it is bank of america, news released yesterday.
https://www.zerohedge.com/news/2017-06-30/warren-buffett-becomes-largest-shareholder-2nd-us-megabank