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Pastimes : John Dessauer's Investors World -- Ignore unavailable to you. Want to Upgrade?

To: DWB who wrote (2116)	8/16/1999 11:22:00 AM
From: Diogeron	Read Replies (2) \| Respond to of 2346

Absolutely. He's done pretty damned well with his financial picks. Of course, I'm still waiting for ESF to fulfill it's stated potential, but at least it's hung pretty tough and hasn't tanked. I basically broke even on PMRX but share your reservations. One could also argue that in the long run, Walgreen's would be a better play since it has a superior reputation and has also announced plans to launch an online service. I think JD said that Rite Aid had a more reasonable multiple than its competitors, but I don't have the issue in front of me to verify it. First Union is one of my clients and I can tell you that they have cut back in many areas in the last six months. I did a ton of training for them last year and, so far, this year everything is on hold. My guess is that either First Union or Union Planters would be a good long term investment. Having said that, I think they will take the obligatory hit when the FOMC raises interest rates another 25 basis points, which they are almost certain to do. If that happens, I'd be tempted to pull the trigger on First Union or Union Planters.