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Non-Tech : Sovereign Bancorp ( SVRN ) -- Ignore unavailable to you. Want to Upgrade?


To: Timothy R. Tierney who wrote (25)12/19/1998 11:43:00 AM
From: fluffnutter  Read Replies (1) | Respond to of 143
 
I've been watching this stock every day....and
I haven't heard this...This stock puzzles me in that it hasn't participated in the voltality of the market...On basic down days it might move alittle up...On super up days it might move a little down..Can't figure it out...I wanted a bank in my portfolio and this looked like the steadiest and most affordable...When 1st Union bought Corestates and Sovereign got like 62 Corestates in the deal...I thought this was the one thing that would push it...With all the action in the market..this one puts me to sleep ? I mean I didn't expect a Home Run with this but would like a couple of Doubles or Triples once in awhile..I know that local investment guru Fred Sherman loves it and has to hold back on his weekly show because he is some kind of VP...Fred



To: Timothy R. Tierney who wrote (25)12/19/1998 5:27:00 PM
From: William A. Eydler  Respond to of 143
 
Been a holder for years, this one is constantly mentioned as a takeover candidate but nothing ever happens. Seems it should be better valued but I am not unhappy with his in my long term portfolio. Usually gets a 5% to 20% distribution in the spring, hope that this is continued by management.