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Non-Tech : Chase Manhattan (CMB) -- Ignore unavailable to you. Want to Upgrade?

To: DrGamble who wrote (168)	9/30/1998 6:52:00 PM
From: Mkilloran	Respond to of 213

MQ....based on these Wall Street Analyst est ...a good bet nordby.com

To: DrGamble who wrote (168)	9/30/1998 9:40:00 PM
From: Mr. Whist	Respond to of 213

More hedge funds going under (and there will be more) could muddy the waters for all the financials, regardless of an individual bank's exposure to such legalized gambling. (Look what happened to CINF today, on no news.) Doubt if too many growth and income mutual fund managers are looking to increase their stake in financials at this time. I'd be happy if CMB hit $52-$53 by year's end. Long-term, you're probably wise buying 500 at $45. Hell, CMB's P/E right around 10-11. It's not like they're losing money.

To: DrGamble who wrote (168)	9/30/1998 10:42:00 PM
From: Moominoid	Read Replies (2) \| Respond to of 213

It looks good value if you take the current analysts estimates at face value. I'm sure though that further downgrades will be upcoming. If you think it can't go down any more take a look at the chart from 1986 to 1990 if you haven't already. Now this time interest rates seem to be going the other way but in the end bad loans could be worse. Last December I bought CMB and saw a nice increase till April when I sold. But this time around I'm waiting to see how things pan out. David