SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : John Dessauer's Investors World

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Wren who wrote (1630)10/6/1998 7:47:00 AM
From: Wren  Read Replies (1) of 2346
 
On his Monday hotline, JD discussed Esprito Santo, ESF. Two of it's top officers spoke at the Swiss seminar.

ESF has done all Y2K work and believes they are OK

Earnings for current year are up nicely

Its loan portfolio has a provision for bad debts equal to 105% of all non-performing loans

.01% of loan portfolio is to Russia

1.6% of loan portfolio is to Asia

4.6% of loan portfolio is to Latin America

Zero hedge fund exposure

Almost all of ESF activities in Portugal

Current year earnings expected 1.60, with 2.00 next year

Return on equity - 17.5%

ESF closed 13 1/16 on Monday

Dividend 4.8%, no withholding on dividend so a good stock for IRAs

Portugal is in EMU

JD considers ESF to be a safe well managed bank
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext