Wescorp and WFSI Message Board

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Non-Tech : Wescorp and WFSI

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To: Mark Oliver who wrote (37)	7/7/1998 8:39:00 PM
From: Paul Senior	Read Replies (2) of 56

No sorry, have no news. I've added to my position as WES has gone below book value. Based on this and my opinion (unsupported with any knowledge -g-) that top guy is tough and committed to bringing bottom line profits. (I assume he made the big decision to take writeoffs and eliminate business.) I will look as WFSI, although I've had bad luck -- well actually incompetent analysis probably on my part - in trying to invest with subprime lenders--I'm a little hesitant as a result. Also, in addition to subprime car lenders, I've invested in subprime home lenders (UC is my latest), and they are mostly all doing very poorly. If only high-risk people would pay their bills and not ever refinance at lower rates -g-. Paul.

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