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Non-Tech : Canadian vs. US Banks--Better PE and rising C$

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To: Steve Bevington who wrote (31)4/15/1997 11:13:00 PM
From: Mr.Manners   of 230
 
Hi, Steve,

Just got back on the thread - got the mail. I like your idea about the bank(s).
I agree with your idea about July - last June/July I got scalped by selling the bond too soon, got it back twice and rode it up.
WFC performed completely to my expectations - and I have more.
Too rapid expansion, revnues, etc.... 3.62/share vs 5.39 last.. plus calls for lower earnings in '97, '98.. whether or not that means anything.
The Almanac sounds even more interesting in light of the 62% call.
I'll see about the cabin.. if the weather's okay. I'd be putting in the water lines, all that good stuff that takes hours.

I know a bientot..talk to you soon.
What's the Almanac call for tomorrow, or later? And what's its rate of accuracy?
K.
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