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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (22647)	1/18/1999 11:48:00 PM
From: J.T.	Read Replies (2) \| Respond to of 50167

IKe, WFC is going to be one of the best kept bank stock secrets since the recent merger with NOB. WFC is letting Dick Kovacevich (NOB ceo) run the show and this guy is top notch. WFC was centralized in decision making and hence market laggard relative to other bank stocks over past few years. This is about to change. . They have now adopted super successful NOB decentralized philosophy bottom's up which gives local managers incentives to be people oriented. I have seen corporate philosophy and this should be a "core holding" in every portfolio and should do well short term as long as your BKX Index holding 815 support holds. Regardless, I've done my due diligence and it is buy and hold stock for long haul. C is a major player and will obviously participate in next BKX run-up. 12% to 18% steady supertanker grower. What is your target on MER? JT