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

To: Paul Senior who wrote (21019)	4/2/2005 5:44:25 PM
From: E_K_S	Read Replies (1) \| Respond to of 79000

Hi Paul - Do you know from your list of banks (including JP Morgan) which ones offer integrated banking between countries like Mexico and/or the Philippines? We have a lot of illegal immigrants here in California who currently send money back to their home. Most use Western Union but I read someplace that a big new market is opening up for the large integrated Banks to provide country to country bank transfers through their local branches and affiliates. Some reports state that $60 Billion is transferred out of the U.S. each year by illegal immigrant workers. I recently had to send some money to the Ukraine and ended up using Western Union Money with my credit card. The total fees paid were $58.65 for a $120 transfer. $27 went to Western Union and $11.65 went to JP Morgan Chase. I sure would like to get a piece of these fees. Any idea as to who the big players are and if they have targeted this growth market? I believe Citigroup is best positioned but they were not able to handle my Ukraine transfer. My only option was with Western Union. EKS

To: Paul Senior who wrote (21019)	4/2/2005 9:43:16 PM
From: Spekulatius	Respond to of 79000

re C and BAC - i think Paul is right and both are buys at current valuations. Both companies have the potential to grow earnings around 10% annually and with a 4% dividend the expected return for those stocks can be in the mid single digit, which imo is far better than the overall market. I believe that C's international and diversified business is a distinct advantage compared to BAC and that's why I choose C over BAC. However a diversified empire like C is much more difficult to oversee and apparently previous management did not care too much as long as the dough kept rolling in. Now C is getting punished for that but i feel at least that current management is trying to correct that.