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Non-Tech : Sovereign Bancorp ( SVRN )

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To: KHS who wrote (65)4/14/1999 1:51:00 PM
From: jerryriti  Read Replies (1) of 143
 
>I am confident in in Sidhu's ability to execute>

I am very long and strong in SVRN, but what is Sidhu going to execute?
SVRN is going to offer services on-line. OK all banks will be online in the near future! Is this mass hysteria or am I missing something? SVRN is a good solid investment with a CEO who has been reluctant to be acquired. It is not NetBank(a bonafide internet play)!Is the assumption that SVRN is remaking themselves? I was awakened by the rumored Michael Price connection but must be missing something in the recent explosion to 26+ this morning! Any long term investors in SVRN that can enlighten me?
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