First Union Bank Message Board

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Non-Tech : First Union Bank

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To: BWAC who wrote (273)	1/26/2000 3:20:00 PM
From: Mike Fredericks	Read Replies (1) of 323

This may be near the bottom, or this may be the bottom, but what are the prospects for the stock advancing? When the only three people I personally know have quit working there in the past year because they hated the environmnent (the two I mentioned and another family friend) and a local magazine rates them as one of the bottom two banks (for personal accounts) then what's the upside potential? I have no position so I don't care whether it goes up or down (I think my sister still owns some shares so I guess up would be good). There are probably other financial sector stocks that aren't facing the negatives that FTU is facing. (I don't know, I don't follow that sector. I don't follow FTU anymore either, just got that thing in the mail yesterday). The price used to be inflated because there were ever persistent buyout rumors. If those resurface the stock could jump. I wouldn't put money in FTU today. If I wanted the 6% dividend, I'd buy into a short-term income fund. However, like I said, I have no direct interest in the stock. I was only posting to pass on information that you all may find useful... Later, -Mike

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