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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (14248)4/17/2002 5:06:13 AM
From: Bob Rudd  Read Replies (2) of 78705
 
WM A reuters peice on the earnings release highlighted this disturbing point: "The thrift said NONPERFORMING ASSETS, OR LOANS WITH POTENTIAL REPAYMENT PROBLEMS, JUMPED $399 MILLION TO $2.78 BILLION."
$399 MILLION is a lot of $$$ if it's sitting in a pile on your desk and $2.78 BILLION is nearly incomprehensible, but to put this revelation in perspective:
As % of Total assets, Non-performing actually DECLINED from 1.082% of $219.9B to 1% of $275.2B total Assets.
I don't know how the market will read this, but I pass it along as non-perf's have been a lightening rod recently.
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