Comments for MER - Stockpickr! Your Source for Stock Ideas

Comments for MER

Added By	Comments	Type	Date Added
barrons3	Merrill Lynch has several adjustable-rate issues outstanding. The largest is Series L, which trades near $8.55 a share, or 34% of last year's original offering price of $25, for a current yield of 11.70%. The dividend resets quarterly at half a percentage point above three-month LIBOR, now about 2%. But the minimum annual dividend rate is 4% of face value of $25, or $1 a share. Other Merrill preferreds with fixed rates carry similar or lower yields. The adjustable-rate issue arguably should yield less than straight preferreds, because its dividend can only go up. ONE FAN OF THE ADJUSTABLE-RATE issue says it could double in the next year if the financial crisis abates. The issue traded in June at $15. Indeed, all Merrill preferreds could trade up once the company's scheduled merger with Bank of America goes forward. The deal has been approved by shareholders of both companies and could close by year end.	Love	December 27, 2008
sarah z	From a recent Mad Money show:"Merrill Lynch was a great American company and management destroyed it. They totally wrecked it. And now you can't own it."	Love	November 18, 2008
barrons3	Under the plan, the US government would take preferred stock in Bank of America [BAC], Wells Fargo [WFC], Citigroup [C], JPMorgan Chase [JPM], Goldman Sachs [GS], Morgan Stanley [MS] and Bank of New York [BK], State Street [STT] and Merrill Lynch [MER].	Love	October 15, 2008
barrons3	The bear market? It consists of all the companies that need financial debt and do not have the deposit bases to tap it. They include GM (GM), Ford (F), Goldman Sachs (GS) and Merrill Lynch (MER). This market used to include AIG (AIG), Lehman, Fannie Mae (FNM) and Freddie Mac (FRE), and Bear Stearns. Also in the group is any industrial that needs the commercial paper market, which is why GE (GE) was targeted on Friday. I think this bear market is a natural to be hit by the credit default swap issue, where hedge funds take out insurance on institutions and then kill them with a series of nefarious but legal tactics: buying puts, banging down stocks without upticks, and informing the media and the ratings agencies of the companies' problems. This sort of attack, which I dubbed Kesselschlacht Saturday, is almost impossible to fend off by companies that need to tap the debt markets regularly and need good credit ratings.	Love	September 25, 2008
barrons2	Merrill also looks attractive, with its stock at a fraction of its $22 a share book value. Merrill has taken its medicine by selling mortgage assets and raising capital. The value of its stake in BlackRock Financial is $11 billion, and its retail brokerage network is conservatively worth $20 billion. Their combined value is more than Merrill's current market value of $26 billion, meaning investors are paying nothing for the rest of the firm.	Love	September 13, 2008
barrons2	Conversely, 13 of last year's companies that since have fallen below the survey's market-cap threshold are finance-related firms. Due largely to the credit crisis and its gory aftermath, once-bellwether names such as American Express (AXP), Merrill Lynch (MER), Morgan Stanley (MS) and Wachovia (WB) are now too small to make the cut.	Love	September 06, 2008
barrons2	Worth told viewers to avoid Merrill Lynch(MER), Morgan Stanley(MS) and Lehman Brothers. He explained that all of these charts are in established downtrends.	Love	September 04, 2008
amoshorse	management	Hate	September 04, 2008
Desisto2	I interned there	Love	August 25, 2008
barrons2	Q: Give us some shorts, please. A: Let's start with the obvious. You can't have financial institutions levered 30-to-1, which I think is the case in Europe, or 25-to-1, which I think is the case in the States, and expect nothing bad to happen. So, we have been short the banks for a long time. And the brokers. And the mortgage lenders and mortgage guarantors. We typically short stocks, not ETFs or indexes. We've been short Bank of America [BAC], JPMorgan Chase [JPM] Citigroup [C}, Goldman Sachs [GS], Merrill Lynch [MER], Lehman Brothers [LEH], Morgan Stanley [MS], SunTrust [STI], Wachovia [WB], Washington Mutual [WM], Capital One [COF]. There's hardly a financial name that we aren't short.	Love	August 16, 2008
mario pen	hoping for price rebound	Love	August 11, 2008
mschild	more we dont know about	Hate	August 08, 2008
barrons2	In the financial services sector I’d look at Merrill for a short term trade, adds Guy Adami.	Love	August 06, 2008
barrons2	I am listening to someone who is saying the financials are a sucker's game, and I come back and say, "Wait, you price 380 million shares of Merrill Lynch (MRE) at $22.4 and it trades like a red-hot IPO!	Love	July 31, 2008
Moarlyn	liar	Hate	July 30, 2008
High Dividends	1.9	Love	July 27, 2008
High Dividends	1.9	Love	July 27, 2008
barrons2	Retired mutual-fund star Michael Price has criticized preferreds as having "$1 of upside and $25 of downside" if investors paid the original price, because most issues can be redeemed by the company at $25 five years after issuance. This caps the appreciation potential. But at today's prices, preferred shares are much more attractive. Someone buying Merrill Lynch's preferred M at 16 has almost nine points, or 50%, upside to $25.	Love	July 19, 2008
barrons2	Cramer was also bearish on Citigroup (C), Wachovia (WB) and Bank of America (BAC), and even brokers such as Lehman Brothers (LEH) and Merrill Lynch (MER).	Love	July 17, 2008
pillsbury44	No transparency	Hate	July 09, 2008
barrons2	4. Merrill Lynch (MER): Without a sale of BlackRock (BLK) or Bloomberg, more equity is needed. Nobody wants to put up equity for this one. We still have no disclosure on the last-in-no-out mortgages they wrote. Black box. I don't want to buy a black box. Dividend cut? Good question.	Love	July 02, 2008
barrons2	Then there's Merrill Lynch (MER), recently about 33. Though Yamada says the stock conceivably could rally to 44 or 45, she'd use any strength as an opportunity to lighten up -- because the risk is toward 30 or even 20.	Love	June 28, 2008
barrons2	He's very bullish on financials, including Morgan Stanley, Merrill Lynch (MER) and American International Group (AIG), all of which, he predicts, "are going to act better sooner than later."	Love	May 10, 2008
barrons2	Merrill Lynch (MER) is no different; not only did it report a so-so number, it raised more money! Anyone who put money in during the great sovereign bailout is now up very nicely, and that is encouraging others to put more money in.	Love	May 01, 2008
High Dividends	3.1%	Love	April 18, 2008
barrons2	I’m seeing a lot of put buying ahead of the earnings report, reveals Pete Najarian. They’re trading at 2 to 3 times normal levels. However, I think they’re more likely protection than anything else. I don’t expect a huge move in Merrill, adds Jeff Macke. However, I’m not expecting good news either.	Love	April 16, 2008
barrons2	Seymour said he likes Merrill's international business and dislikes Lehman.	Love	April 16, 2008
stockerblog	Korea Investment Corporation, Singapore's Temasek, and the Kuwait Investment Authority	Love	April 07, 2008
barrons2	How about Merrill Lynch (MER)? Can John Thain move quickly enough? I think he can.	Love	April 02, 2008
barrons2	Over on the listed side, you have had a good run in Merrill Lynch (MER), but I think the bears will run that one down off the slew of financial downgrades today. Profits will disappear fast there	Love	March 26, 2008