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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (9326)	10/8/2002 11:06:46 PM
From: pbull	Respond to of 13815

Actually, I'm beginning to smell opportunity here, but it's probably 2005 when enough of the deadwood will have gone out of business that the rest will be able to thrive. Too many IPOs, too much competition, not the mention the toughest competitors of all, the cheap overseas labor. Good article in Barron's this week on a 90-something money manager who bought New York S&Ls during the '89-'90 collapse. He has averaged 19.6 percent a year over the last 10 years, including 7 percent so far this year. Not bad, everything considered.