We closed this position on February 26, 2015. A copy of the associated Position Update report is here.
You need a Professional Membership or higher to view all the content on this page.
Already a member?
Learn more about our research here.
Comments are closed.
2 replies to "Sell BAC: Management Is Running Out of Gimmicks"
I own KBWB and is is currently on the very attractive ETF list, but the Sell BAC: Management Is Running Out of Gimmicks article recommends due to the dead cat bounce of BAC that I sell/avoid that very same ETF. That raises questions in my mind about the contrarian forecasting your service provides. How can you on one hand recommend very strongly to BUY and on the other hand recommend sell /avoid. I understand that KBWB has other holdings but the recommendations are still present
Please clarify (if possible).
Regards,
Boris Stefanoff
Mr. Stefanoff,
At the time this article was written in 2012, KBWB had a Very Dangerous rating. Since then, its holdings have improved and it now earns our Very Attractive rating. That’s in part to the improvement in the ratings of stocks such as BAC, which now earns our Neutral rating, and the change in the weighting of its holdings. BAC is no longer weighted as heavily in KBWB’s portfolio, and other stocks that earn our Attractive rating now factor more heavily in its holdings.