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Non-Tech : Charles Schwab (SCH) -- A tech-stock profile?

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To: Al Cano who wrote (846)8/11/1999 11:28:00 AM
From: Carl R.   of 1390
 
I have a couple comments. First of all, if an industry shakeout occurs, SCH stock will get shaken with the rest, at least until it is clear that it is a winner. Secondly, SCH was a target of a major bank once (Bank of America), but they sold it back to Chuck. Given the fact that SCH has a much higher PE than the banking industry it would be more likely that this time around SCH buys a major bank, rather than the reverse.

Carl
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