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

To: Spekulatius who wrote (13931)	2/13/2002 10:12:02 PM
From: Paul Senior	Respond to of 78702

Unfortunately for me, I haven't been out of merchant bank JPM for many years. -g- I added some shares to build up my position in Oct.; right now I'm just waiting to see what's next after JPM's Enron losses. Figure I'll be trying to hold what I have another couple of years. I too like to buy these bank stocks when they're below book value. Not the standard way to evaluate bank stocks - most analysts have their 'effectiveness' measures or return on assets - but book value has often worked for me. I can't find any bank stocks now that look decent to me that are under book value. (I've bought JPM based on a relative dividend model which has worked for me - sometimes.) Paul S.