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Non-Tech : First Union Bank -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (293)	7/2/2000 2:18:47 PM
From: checkmate	Read Replies (1) \| Respond to of 323

You are correct---I am aware of FTU earnings as is the market which makes me WONDER why the shares are tanking. In other cases in my humble experience, that I have seen an unexplaned stock decline with a strong dividend it has been because a cut did occur much to the chagrin of shreholders. It is as if the mareket is expecting it and we cannot see how it is possible with such earnings. Is there someting the market knows that we do not see. That is the question A p/e of 7 and a div of 7.5 are very attractive Regards CM