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

To: Wallace Rivers who wrote (62252)	7/28/2019 4:09:43 PM
From: Paul Senior	Respond to of 78763

WFC. Been reducing my position. I don't like their past business practices, and they seem to me to have been too indifferent to quickly resolving their problems. Otoh, it's a tremendous business (home loans, etc.), and Mr. Buffett has stood buy them. I saw NFG recently hit new lows, but nothing I see tempts me to buy yet. Dividend small; p/e at mid-teens which seems high for an o&g company in a sector where many are suffering--- and me with them. Fwiw, my bank positions are: ALLY (has internet bank operation) BAC BLX C (My largest bank position with buys from 2011 & later.) EWBC JPM PACW (Best value (??) with p below tangible book value.) SIVB (Best positioned maybe (?) with its capture of business from Silicon Valley companies, esp. startups.) WFC (I also have some tucked away in an etf and of course through BRKb.) (HOMB, mentioned here by me, I got tired of, and sold for small loss last year.)