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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (29641)	1/11/2008 12:31:59 AM
From: Spekulatius	Read Replies (2) of 78470

BAC and CFC - i think a buy of CFC is ill timed going into one of the worst mortgage fallouts in this generation. I really wonder why want's to make yet another deal now. Last years LaSalle deal apparently was not enough to keep management business. A purchase of CFC would stretch BAC balance sheet so that they will see a credit downgrade, IMO. the Lasalle deal depleted already some tangible equity which made the tangible equity ratio thinner than i'd like to see for a Bank like BofA in this environment. All those deals make me wonder if Ken Lewis is just doing this to build an empire.

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