Off-Topic: I wonder about the banks

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	Name:	Kizma Anuice -
	Subject:	I wonder about the banks
	Date:	7/10/2008 7:40:45 AM

stock dropped from at least $35 to about 10. Dividend was probably set when stock was selling at a high price. % at that point in time was probably reasonable.

bank stock traditionaly sells for 1.5 to 2 x book if I remember corectly. Most regional banks are selling for less than book now.

Larger and international banks have written down their mortgage problems. Regonal banks have not done as good a job and institutional investors know this and are shunning the regionals.

Banks paying that high a dividend will probably reduce the dividend at the next meeting. Regions has one coming up.

btw i have been out of the market for about a year now and don't know when to get back in. I have a friend who uses Ken Fisher, i follow him and avoid the 1.25 % fee. Fisher is usually good for doubling your money in 5 to 6 years.

Other messages in this thread:

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I wonder about the banks - roswellric - 7/9/2008 9:57:10 PM

I wonder about the banks - Kizma Anuice - 7/10/2008 7:40:45 AM

I wonder about the banks - GoneFishin - 7/10/2008 6:25:34 PM

Try this... - CAT BOAT - 7/12/2008 10:47:23 AM

CAT Annual meeting - GoneFishin - 7/16/2008 12:25:24 AM

CAT Annual meeting - CAT BOAT - 7/17/2008 2:10:53 PM

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