Graham and Doddsville -- Value Investing In The New Era Message Board

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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era

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To: Freedom Fighter who wrote (760)	9/12/1998 6:40:00 AM
From: David C. Burns	Read Replies (1) of 1722

I am wondering whether you aren't being rather more pessimistic about the banks that the situation warrants. the "long haul" of 1 to 2 times book includes a LONG time before the substantial restructuring (starting the elimination of excess capacity) that has taken place in the last few years. Plus the general environment is still favorable for loan demand, etc. Why do you think the good times are over?

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