Liberty Posted November 27, 2012 Share Posted November 27, 2012 http://www.bloomberg.com/news/2012-11-27/dimon-would-be-best-treasury-secretary-in-crisis-buffett-says.html Link to comment Share on other sites More sharing options...
jay21 Posted November 27, 2012 Share Posted November 27, 2012 If someone outside of BRK were to take over from Warren after he passes away, Dimon would be one of first picks. Link to comment Share on other sites More sharing options...
FrankArabia Posted November 27, 2012 Share Posted November 27, 2012 over 50% of my reason for being in JPM is due to JD.....the other half is split between quality of franchise and valuation.... Link to comment Share on other sites More sharing options...
JSArbitrage Posted November 27, 2012 Share Posted November 27, 2012 Dimon is too political to be in Treasury IMO. And I certainly don't want a pure banker to be in Treasury during a crisis. Remember Paulson's one-page "I can do whatever I want with all the money and a court can't supervise me" plan? Link to comment Share on other sites More sharing options...
PLynchJr Posted November 27, 2012 Share Posted November 27, 2012 I'd be extremely disappointed as a JPM shareholder if he took the job. Link to comment Share on other sites More sharing options...
FrankArabia Posted November 27, 2012 Share Posted November 27, 2012 JD would not come off well to people in the government. I remember when i first started listening to JPM conference calls and I thought immediately "JD comes across as a real ahole". he isn't, he is just very passionate but most people won't stand around to discover the truth. If JD left JPM, i would seriously consider selling my shares. Link to comment Share on other sites More sharing options...
treasurehunt Posted November 27, 2012 Share Posted November 27, 2012 Dimon has said repeatedly that he is not interested in the Treasury Secretary job, so I don't think there is much chance of this happening. As a JPM shareholder, I too hope that he stays on as CEO for a long time. I probably will keep my shares even if he leaves though. Link to comment Share on other sites More sharing options...
FrankArabia Posted November 27, 2012 Share Posted November 27, 2012 JPM has benefited tremendously from the financial crisis....not only has their domestic share gone up but so has their investment banking/trading share ...i really should have loaded up at tangible book but I'm adding slowly from levels here.....WFS is good too but its trading at a 30% premium.... Link to comment Share on other sites More sharing options...
treasurehunt Posted November 28, 2012 Share Posted November 28, 2012 JPM has benefited tremendously from the financial crisis....not only has their domestic share gone up but so has their investment banking/trading share ...i really should have loaded up at tangible book but I'm adding slowly from levels here.....WFS is good too but its trading at a 30% premium.... Well, the stock is still selling at less than 10% over tangible book. Also, take a look at the JPM treasury warrants. I own slightly more in warrants than in stock (dollar amounts). The warrants expire in October 2018, have a strike price of $42.42 and are currently trading at $10.94. If you believe that the stock is trading well below intrinsic value, then the warrants are a better deal than the stock, I think. I own WFC too, but it has been expensive compared to the other big banks for a while now. Link to comment Share on other sites More sharing options...
jay21 Posted November 28, 2012 Share Posted November 28, 2012 JPM has benefited tremendously from the financial crisis....not only has their domestic share gone up but so has their investment banking/trading share ...i really should have loaded up at tangible book but I'm adding slowly from levels here.....WFS is good too but its trading at a 30% premium.... Well, the stock is still selling at less than 10% over tangible book. Also, take a look at the JPM treasury warrants. I own slightly more in warrants than in stock (dollar amounts). The warrants expire in October 2018, have a strike price of $42.42 and are currently trading at $10.94. If you believe that the stock is trading well below intrinsic value, then the warrants are a better deal than the stock, I think. I own WFC too, but it has been expensive compared to the other big banks for a while now. I don't know why I don't have any warrants on any banks. I think almost every bank is cheap Do the JPM ones have dividend/share repurchase clauses? Link to comment Share on other sites More sharing options...
treasurehunt Posted November 28, 2012 Share Posted November 28, 2012 I don't know why I don't have any warrants on any banks. I think almost every bank is cheap Do the JPM ones have dividend/share repurchase clauses? The JPM warrants have similar provisions as the treasury warrants for BAC, WFC etc. There is some protection against share issuance, but I don't remember the details. The strike price gets adjusted for dividends in excess of $1.52 per year. Link to comment Share on other sites More sharing options...
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