Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Michael Burry who wrote (10157)	3/9/2000 1:15:00 PM
From: cfimx	Read Replies (1) \| Respond to of 78546

Michael, I think the street is skeptical of the bigger is better strategy that was being employed. I also think there are cultural issues with this left and right coast thing. You may want to look at usb, wfc, wb, sti, fitb. Wachovia is generally considered to be one of the best managed banks.

To: Michael Burry who wrote (10157)	3/9/2000 1:32:00 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 78546

Mike, I don't know the BOA story. I think a number of the banks are looking reasonable. I just took an opening position in STI. They have a huge stake in KO that's worth about $7 per share that doesn't contribute to EPS very much. It looks like they are overreserved too. ROE minus the KO contribution to book value is very high. Management is considered to be conservative. MTB and WFC are two interesting ones also. These two are tricky because there are large amortization charges related to mergers. Both usually disclose "cash earnings" in their releases. I think one negative is that this is the peak of the economic cycle so earnings and ROE may be above normalized levels. I wouldn't go out on a limb. A positive is that the consolidations may continue. Wayne