More than 6,000 people listened to The Fairholme Fund's conference call with Bank of America CEO Brian Moynihan last week. Moynihan fielded questions from fund manager Bruce Berkowitz and callers but no new information was revealed about the bank and what it aims to do to boost its sagging stock price.
The Fairholme Fund is a major investor in Bank of America. Investments in Bank of America and other struggling financial stocks are the main culprit in Fairholme's terrible performance so far this year. The fund is down by about 25 percent as of Aug 12.
You can read a blog about the call at The Wall Street Journal. Or you can listen to a replay by going to The Fairholme Fund website and clicking the Bank of America conference call link at the bottom of the page.
Fairholme is a component of the Bradway Strategic Portfolio.
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