Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.780

+4.7%

3:59 PM EST

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To: Bill Wexler who wrote (5545)	12/17/1999 12:40:00 AM
From: TRIIBoy	Read Replies (1) of 10293

I disagree with you about the banks on a number of points. 1)The net interest margin squeeze is not going to go away. Interest rates are rising and will probably be above 6.5% in the next few months and at the same time banks are having trouble raising deposits and funds. This squeeze will continue. 2)There are starting to be more articles about SEC and tighter accounting standards surrounding sub prime loans. check out this story: thestreet.com 3)Off balance sheet concerns will start popping up next year. 4)No new management in any of the problem bank stocks. Until management changes do you really think these bozos will start changing their stripes? 5)Next year could be the first year in a string of years when most banks earnings growth goes negative or flat. (outside of money center banks) 6)Many forget the multiples banks used to sell at during the last awful interest rate environment. They were single digit multiples. Now if interest rates reverse themselves, then things change. But I don't see that happening. I think interest rates have to reverse themselves and you start seeing bank mergers for banks to rebound.

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