[CANSLIM] Banks

From: "Chas" <1440lda@tm.net>
Subject: [CANSLIM] Banks
Date: Wed, 26 Jun 2002 19:06:33 -0400

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Banks have popped up on my screens occasionally but after initial due =
diligence i have always DQ'd them because there is no way to accurately =
determine risk that they take on ( bad loans ....poor trading =
decisions....etc ).  WCOM had loans with US banks as well as other =
countries ...200M here and 200M there =3D 3.4 BBBillion. Todays news =
just reinforce's my cautions on that sector as a whole.
It probably will also result in big cap companies paying a higher price =
for the money they borrow which in turn will reduce earnings. A big =
stone has just fallen into the lake and the ripples are starting to =
spead.I'm sure congress will be all over this one......with another law =
that will NOT be enforced.

Chas

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<DIV><FONT color=3D#000000 size=3D2>Banks have popped up on my screens =
occasionally=20
but after initial due diligence i have always DQ'd them because there is =
no way=20
to accurately determine risk that they take on ( bad loans ....poor =
trading=20
decisions....etc ).&nbsp; WCOM had loans with US banks as well as other=20
countries ...200M here and 200M there =3D 3.4 BBBillion. Todays news =
just=20
reinforce's my cautions on that sector as a whole.</FONT></DIV>
<DIV><FONT color=3D#000000 size=3D2>It probably will also result in big =
cap=20
companies paying a higher price for the money they borrow which in turn =
will=20
reduce earnings. A big stone has just fallen into the lake and the =
ripples are=20
starting to spead.I'm sure congress will be all over this one......with =
another=20
law that will NOT be enforced.</FONT></DIV>
<DIV><FONT color=3D#000000 size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT color=3D#000000 size=3D2>Chas</FONT></DIV></BODY></HTML>

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