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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (5192)	3/29/2009 4:39:24 PM
From: cubsfan	Read Replies (2) \| Respond to of 6370

Rocky - thanks much for sending WFC prez. Very helpful. Incidently, Witney Tilson was on FastMoney on Friday night. Talked about Wells Fargo, which he owns and likes. According to him, it's not without it's risks. "Cashflow is the key - they'll earn their way out. If they do well on the stress test, will be $40-60 stock. If they have problems and need capital - it's $2 stock." He likes the risk reward - but I hadn't thought the downside was that drastic. I guess I can expect some volatility on it until this mess gets sorted out. I still think it's the best run big bank in US. Conservatively run, with generous loss provisioning.