The Official Guide To GOOFS Message Board

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Non-Tech : The Official Guide To GOOFS

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To: Paul Weiss who wrote (350)	7/27/1996 9:40:00 AM
From: Richard Query	of 3539

TBG (sorry I should say Llama Weiss) how are things in Goofi land? Here is a great bank for you to look at ( won't be a goof for long) Riggs National (RIGS) Very low PE, EPS for 1st, & 2nd qtrs both up over 100% from previous year. Had problems back when all banks were getting in trouble with there loans but has recovered. RIGS 95 EPS was 2.54 but was helped by 55mil (1.60) reduction in bad loan reserve, this years numbers will be about the same without the one time income being needed to get there. Ranked as the 10th best financial inst. in the DC area, which puts it at 7th best bank when you drop Fannie Mae,etc. Stock is currently trading at 12.75 should be at $20+ (PE of 8). Thought?

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