tag:blogger.com,1999:blog-2335748440449035592.post7278097106391505655..comments2009-02-09T03:09:42.939-05:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2335748440449035592.post-33627543739137026392009-02-09T03:09:00.000-05:002009-02-09T03:09:00.000-05:00i have 124 shares with wells fargo that are currently woth 18+ a share. when should i cash in?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-76558795600949048082008-10-01T14:51:00.000-04:002008-10-01T14:51:00.000-04:00yankee,<BR/><BR/>soon you and I will be the proud owners of this junk. And if we are lucky we can 'sell it for a profit' in 20-30 years - or so we are told. It will be off wells balance sheet and onto ours. Aren't we lucky?TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-23382460897379209352008-10-01T13:26:00.000-04:002008-10-01T13:26:00.000-04:00Swoop up nothing...read the Reggie Middleton analysis. <BR/><BR/>http://boombustblog.com/index.php/20080611417/Doo-Doo-32-Bank-Drill-Down-1.5-The-Forensic-Analysis-of-Wells-Fargo.html<BR/><BR/>Wells Fargo’s loan portfolio has significant exposure to the distressed real estate, construction and home equity loans. With rising defaults and foreclosures, due to declining prices, the bank’s US$18.8-billion real estate construction loan portfolio and US$83-billion home equity portfolio will likely be under severe pressure, resulting in higher NPAs. In addition, Wells Fargo has huge exposure to the troubled housing markets of California and Florida that have been at the forefront of the current housing slump. These two states account for 20.3% of the bank’s real estate and construction loan portfolios, one of the highest for a major financial institution in the USyayankeehttp://www.blogger.com/profile/08500359981802753931noreply@blogger.com