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Bank of Marin Bancorp Message Board

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  • pvbud pvbud Nov 8, 2005 10:10 PM Flag

    checking in

    Wowee! I'm using a new (to me) wireless connected computer here in Jalisco. I must have touched something, and zip! My incomplete message is posted, fast as Jack Flash. I'm in the computer mizzzzery learning curve it seems.

    More to point, we're still onto TMCV. It has been down-graded by Schwab probably on the premise of run-outs of existing loans as interest rates climb. Nevertheless, it's one we're holding for better, not worse. Year-end 2005 per share earnings and our estimate for the first half of 2006 appears reasonable and beneficial imo.

    In another economic life, there is nothing, nothing that can catch the wild appreciation, during the past 3 years or so, of selective real estate. In Bend, Oregon the appreciation is more than 30 percent annually. It's more in Puerto Vallarta , Mexico and it's beyond belief in So. California coastal areas where 1920-1930 decade, 2 bedroom homes are selling for $700K to a million USD. That's wild.

    A respected amigo, now watching from afar, once told me, "When you witness economic events that you have never seen before in your lifetime ...look again for opportunity and for disaster". So it goes. Good wishes to all.


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