SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Bill Wexler's Dog Pound
REFR 1.780+4.7%3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bill Wexler who wrote (5531)12/16/1999 11:36:00 PM
From: Bill Wexler  Read Replies (3) of 10293
 
I'm going to have to pound the table on the banks.

I think you can buy just about any bank here and make some serious money if you're willing to hang on for another quarter or two.

The banks are being sold off as furiously as they were in 1990. The only difference being that there aren't any real financial cataclysms behind the selloff. There are some earnings hits and a few problems with credit card units, but these stocks are being priced like banks are doomed to go out of business.

I'm betting that banks are not going out of business and that this rough patch will eventually come to an end.

Just about everything is on fire-sale. I especially like ONE and WM. If you're willing to pay up a bit more for less yield, I think you can also scoop up the majors and money-centers (BAC, CMB, etc.)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext