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Non-Tech : Silicon Valley Bancshares (SIVB)
SIVB 0.006000.0%Nov 7 4:00 PM EST

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To: Ginko who wrote ()10/1/1998 12:56:00 PM
From: Robert Douglas  Read Replies (1) of 56
 
Hello everyone,

I just discovered that there is an SIVB threat here on SI and am very pleased. I have held this company for years and have a cost basis below 5. I always kicked myself for not buying more. But now thanks to our crazy market the buying opportunity has returned.

Does anyone have a copy of the Alex Brown report? I would love to hear the logic on their downgrade. This bank's loans are for the most part for accounts receivables which provide a great diversification of risk especially since they loan less than a dollar for each dollar of receivable. It is very unlikely that any one event could cause a sharp increase in their non performing loans. In my opinion this is a steal with a capital S.

-Robert
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