BAC will remain in the portfolio even though it has not held it's price through this quarter. Most of the problem is "Mr Market". "Will the Fed raise/lower rates?" , "Will the subprimes hit the big banks?". BAC is positioned to weather these short term outlooks and should not be too adversely  affected by them. this is not the first time any of these problems have caused consternation in the economy. A healthy 4% yield will buffer any price drops in the short term. trading at 11 times earnings and a payout ratio of less than 45%.

I used growth rates of 8% which seems reasonable with historical considerations. Current PE of 11 seems to give it room to grow. I used conservative numbers of 12 and 9 times projected PE's. This holds the best prospects with a UD Ratio of 6/1. I used a low price of $45 which gives a 10% cushion on the chance of a price drop.

Here is th analysis available online for Danny's SSG

http://www.stockfundas.com/main.aspx?subPage=graph&fromUserId=3&ticker=BAC