Wescorp and WFSI Message Board

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Non-Tech : Wescorp and WFSI

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To: Gary Leger who wrote (6)	2/24/1998 10:46:00 PM
From: Mark Oliver	Read Replies (1) of 56

Gary, Do you think this is especially a WFSI problem, or an industry problem? I would have thought with the improved employment situation, loan loss would be getting better. Do you see the restructuring as a way to save money or an effort to stem a bigger problem. Personally, I don't know anything of substance, but I feel the company is not in such bad shape as you say. I think the lowering interest rates and improved economy must be good. I think there should be a lot of new competition from imports and I hear the lease fleets are hitting the used market heavily. All this seems to point well towards good business. When you talk about shorts, is there a distinction between WFSI and the parent company Wescorp WES? I have always found this relationship a bit confusing. I also notice the WFSI shares fall and rise more than WES shares. Is that because WES has more mortgage business? Since the CEO owns the lions share of stock, wouldn't it be funny if he was a source for borrowing and he called the shorts at a difficult time? Can he do that? Regards, Mark

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