G. couldn't fix a cat. He COULD fix a race, or a
kidnapping though. Hey Onehand, great putdown of old
foggybottom, but I agree with him in one sense. USB should
stay away from WFB, out of their league. I just don't
see why his old man isn't spinning 6 feet under since
old Jack took over.
fyi, i have own no stock in either usb or wfc
(wish i did). only an interested bystander. i still
think the opportunity to own the "west coast" via wfc
and the "old usb" is to good to pass up.
i think jack g. could fix the things wfc botched!
to show you the logic. Put aside your deep seeded
feelings for Wells Fargo for the moment. They have a low
Price to book ratio which means that if they are to be
taken over using the industry average of 5x book value,
that leaves one hell of a margin for the price to
Side notes: Your touching sentiment about
USB really touched me but did your dad build the
first story or the other one? Who cares how much stock
you own and how much your worth; we can't see what
car you drive from the bb's. and finally, where did
usb's management come from?
i agree with you when one is looking at only the
pe ratio. what about the price/book ratio? wfc book
value = 146. regional banks get 3.0x to 3.5x book. it
seems reasonable for wfc to command a price/book ratio
of 3.5x to 4.0x. this is the last chance to get into
the california market. usb could own the entire west
coast! talk about a great francise!
usb needs to hurry up. did anyone see nightly
business report on friday evening?
And Wells Fargo (NYSE:WFC) up 18 1/2 on top of a 13
3/8 point gain yesterday. The Wall Street Strategies
Letter hears that the Union Bank of Switzerland might
make a bid for Wells Fargo, as high as $600 a share.
Split will take place on 5/19 and all
stockholders will receive the split adjustment. Not just those
shareholder of record on 5/4. You do not have to have
boughten the stock on or before 4/29 -- this is misleading
If you buy the stock between the 5th and
the 18th -- you will still get the stock split,
essentially the value of your investment stays the same
you'll just have 3x the number of shares.