Golden State (GSB) formerly Glendale Savings Message Board

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Non-Tech : Golden State (GSB) formerly Glendale Savings

GSB 9.480

0.0%

Aug 28 5:00 PM EST

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To: Paul Lee who started this subject	7/7/2000 7:23:03 AM
From: Paul Lee	of 75

an analyst opinion I like Golden State just because of its valuation ' it's a little cheaper than Washington Mutual. Again, this is a cash earnings story. They have a fair amount of goodwill for the past acquisitions, and they have one of the large goodwill lawsuits against the government for supervisory goodwill. You're not paying for it because it's not in that stock; it's free. And you never know whether they're going to collect or not, although Congress did set aside money to fund those lawsuits several years ago. We've had several different rulings from judges. I'm not saying I own it because of that, but it's nice because you're not paying for it, and one day the judge might rule that they're going to get a tremendous amount of money. So there are certainly several of those names out there. That's one of the ones I own which has that feature.

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