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Pastimes : Ask Mohan about the Market
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To: Bonnie Bear who wrote (7753)11/13/1997 1:12:00 AM
From: S. maltophilia  Read Replies (1) of 18056
 
BB
Some of these banks' book values can be suspect. I fondly (g) remember First Republic from the 80's that anyone could look up in their stock guides and see the ~$29 book. They never mentioned that $40 of it was bad loans. Ditto MBank (their Momentum commercials are retrospectively hilarious), Banctexas, Continental, and any number of New England banks.
If you have a few names that are already obviously worthless, sure would like to hear a few.
Sitting with some CMB Jan 90 puts I've owned since August. 'Bout time!
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