Sovereign Bancorp ( SVRN ) Message Board

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Non-Tech : Sovereign Bancorp ( SVRN )

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To: John Madarasz who wrote (123)	11/23/1999 6:51:00 PM
From: Mark Peterson CPA	Read Replies (2) of 143

John, my family owns something north of 400,000 shares of SVRN. To say it's stock performance has been lackluster is an understatement and, of course, a great disappointment. But just like MSGI, it'll have it's day. You just gotta believe that when SVRN stops reporting those recurring "non-recurring charges", things are gonna change. For chrissakes, it's trading at a P/E of about 7. But wasn't it you who told me that "reasonable price cannot save you from nonperformance"? Unfortunately, it's not my call on this holding. It's my brother's. But surely, it makes you wonder... Mark

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