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Non-Tech : MTB- Good long term hold?

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To: Stoctrash who wrote (9)3/22/2008 11:02:31 PM
From: Stoctrash   of 16
 
See those chopped earnings estimates kiddies on BofA?
Guess what, growth is NOT going to ramp up like past cycles, prepare for reality. It's not just the sub-prime issues, so it's going to take a few years... not a few months, IMHO.

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Bank of America spokesman Scott Silvestri declined to comment. Bove delivered the report to Bloomberg News by e-mail today.

His 2008 estimate was reduced to $2.98 a share from $3.81, the 2009 estimate was cut to $3.96 from $4.30; and the 2010 estimate was reduced to $4.78 from $4.93, Bove wrote.
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