Like clockwork, Ken Lewis has bought another 200,000 shares of BofA at $4.79, according to CNBC. This is the second time Lewis has done this of late. In late January he bought 200,000 shares, when the stock was around $6, so he’s already taken a big haircut.
Note: For what it’s worth I totally predicted this would be announced in a chat I had with Henry this morning. Unfortunately I can’t prove that now.
Ken Lewis Buys 200,000 BofA (BAC) Shares