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

To: 249443 who wrote (14326)	4/17/2002 3:13:47 PM
From: Bob Rudd	Respond to of 78705

mrcmoney: <<"The thrift said NONPERFORMING ASSETS, OR LOANS WITH POTENTIAL REPAYMENT PROBLEMS, JUMPED $399 MILLION TO $2.78 BILLION." That's a key issue. >> Just to clarify: The point of my post was that it's NOT an issue because the increase in total assets outpaced the jump in NPA's, thus the ratio is lower. Another quality indicator, the net charge-off ratio, declined sequentially by 2 bps, to 23 bps. All in all these guys are looking pretty clean, IMO. Actually, I was sort of hoping there might be a panic misinterpretation of the increase in NPA's that would produce a dip...even though I think this is a great relative value, I'm psychologically indisposed to add to a position that's risen 34+% from my buy in less than 6 months. It's a personal flaw.