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Non-Tech : Sovereign Bancorp ( SVRN )
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To: jerryriti who wrote (117)10/28/1999 8:31:00 PM
From: Questerr  Read Replies (1) of 143
 
Are all of you smoking something? SVRN was a two-bit, albeit profitable, Bank prior to their announcement of the Fleet branch purchases. Being the 3rd largest bank in New England with a large presence along the mid-Atlantic region couldn't position SVRN any better. The Boston - Washington corridor happens to be the wealthiest and most populated geographic area in the U.S. SVRN is entering the big leagues with this acquisition - in much the same way First Union muscled its way onto the national scene. You own a story stock here, hang on to it and add to it at these levels - and put that damn cigarette down my friend!
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