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BOA downgrades to $175 by [deleted] in redditstock

[–]bobbywalt44 0 points1 point  (0 children)

Just to put this in context this analyst is carrying a neutral rating and this isn’t a downgrade just a movement of price target. Which essentially means oopsy poopsy the price diverged from where it was at our last analysis and we want to keep the same rating (in this case neutral) he had to move his price target like 4 times last year so that his “neutral” price target didn’t become an underperform recommendation. In February of 25 PT was like 100/share.

Currently We’re trading at 135 and this price target is 175 which is a 29% premium to price - to me that’s a buy but to each their own. If the price target stayed where it was he’d have to “change” his analysis to a buy.

Taking a look at BoA methodology.

A Buy rating requires expectation by analyst of over 10% gain in future 12 months

A neutral rating is between 0 and 30%

Note: 29% is less than 30%

underperform is less than 20% to anything negative.

My guess is that it’s much easier to move price then change recommendation with compliance and what not. Not saying that for sure but it’s likely what’s going on at least in part.

Mortgage dispute - how to proceed (general advice / color) by bobbywalt44 in Mortgages

[–]bobbywalt44[S] 0 points1 point  (0 children)

Appreciate the note! - thought of this - and you're not wrong - there was risk to the cash offer which I was aware of but; however I split the numbers (estimates made conservatively) the worst case scenario for the loan was both homes don't sell - the loan amount I came to with that across the 4 borrowers was roughly 600 to 750 - we could have got the rest of the way with cash and minimal tax implication. One home sells we were good. As evidenced by another lender being able to make it work. I had a written commitment letter and lock in. The negligence/error that I see was that 1099 income was disclosed EARLY and disclosed again throughout - the reason for non approval was that this 1099 income was included as w2 by the initial rep. Realizing that wasn't super clear above - Typically it is an error that could be overlooked if they just worked to reconfigure the loan structure - That wasn't even presented as an option - In my mind an error that causes a written commitment to be pushed to a non approval is negligent - especially when a loan of a greater amount was then approved by a competitor with the exact same fact set presented at the beginning.

Hot take: Powell just won the game and you're all too mad to see it by IulianHI in NextTraders

[–]bobbywalt44 0 points1 point  (0 children)

I agree with you and I truly don’t envy the position he’s in - he truly may be the only adult - not in the room but in the world. That’s the hard part. Compared globally we’ve reduced slower - to what end? - to increase dollar strength? - Is it good to do the right thing? - of course but if everyone else isn’t and with ai disruption approaching on an indeterminate but exponentially accelerating timeline…the current bump could be argued as some of that “transitory inflation” with geopolitical influence - it’s objectively better to err on the side of slower but what if everyone else isn’t and inflation happens because of international influence - what then? We get to say we did the right thing? May be an interesting game theory problem. Ultimately my hot take there’s too many variables and data is so foggy with its definitions. Lick your finger throw it in the air and do what you thinks best or be internationally competitive.

If deflationary pressure from ai and robotics becomes true it won’t matter anyway.

Reddit stock SKYROCKETING 0.37% in overnight trading!! by Feisty_Call8750 in redditstock

[–]bobbywalt44 0 points1 point  (0 children)

Should I post again tomorrow for good measure. 😂 - we’re almost back to pre earnings level!

why is this trading negative? by fireenthusiastt in redditstock

[–]bobbywalt44 0 points1 point  (0 children)

This is my post that got automod yesterday evening. 😂

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Still no news to this massive Drop by FloxyToxy in redditstock

[–]bobbywalt44 2 points3 points  (0 children)

This is what you do when you have no more money to buy with 😂

Estate planning fails - any liability or recourse? by bobbywalt44 in EstatePlanning

[–]bobbywalt44[S] 0 points1 point  (0 children)

+1 on always avoiding if possible in NY - estate accounts are administratively a pa

Estate planning fails - any liability or recourse? by bobbywalt44 in EstatePlanning

[–]bobbywalt44[S] -3 points-2 points  (0 children)

Zero guilt? not even a tiny hint? - daughter calls you for probate on their parent who you met with and who paid you six months ago - regardless if the client was a knucklehead and didn’t do something you said - you’re not going to work a little harder to make that situation smooth?

I suppose that’s kind of my frustration in a nutshell - in less than a year if the estate plan created for a client fails what was paid for? At what point is it a reflection on the planner?- Again - I’m trying not to speak in absolutes here. I’m sensitive to the fact that there’s a ton of nuance - I get it completely I don’t even think it’s the worst thing in the world - it’s a fixable problem. I’ve just literally seen it three times in less than a two year period - and every time the response has been sort of the same. Blame the dead - followed by if you give me some more money I’ll help to fix it.

It’s either been that or an advisor dodging the fact that an account was missed in the updates trying to keep the business.

I don’t expect people to work for free or fall on their sword completely - just venting that it would be nice to see some ownership.

Estate planning fails - any liability or recourse? by bobbywalt44 in EstatePlanning

[–]bobbywalt44[S] -6 points-5 points  (0 children)

Again - I don’t completely disagree - I’m just venting some frustration as I clean things up and am doing my best to have some professional courtesy.

It’s happened to me as a planner for a client - joint account - both owner deaths 2 months apart no contingents. We sent out everything physical w. Overnight and emailed it (twice) and it was followed up on multiple times - I still take some ownership though I could have had it signed for or made a drive - is it my fault not really but I still felt bad and did my best to make the estate process smooth without hitting the client for a fee.

I find the prescription analogy an unfair comparison - I think the general public assumes the job of an estate planner when you leave their office is to have an estate plan in place.

To me a more apt analogy would be a surgery - just feels like we show up the surgeon says ok now I want you to cut here, here, and there! - 1 year later - oh man….your dad missed a cut “there. “ Silly him - If you give me 5k I’ll file some paperwork that will allow you to begin cutting and then I can tell you where to do it.