Buffett, WaMu & WFC
Buffett, WaMu & WFC
Excerpt:
Some are speculating that Warren Buffett has already begun building a stake in the company and plans to eventually merge it with his other large holding - Wells Fargo (NYSE: WFC). The idea may seem nothing more than a dream to some, but any such move could result in substantial value being unlocked for shareholders. WaMu shareholders would receive an ample buyout premium while Wells Fargo would get a cheap acquisition in today’s markets. Clearly, if the economy turns, this could become a great deal.
In the end, this is nothing more than a far-fetched rumor, but it is one that is definitely worth watching.
Comment: My take = "far-fetched rumor"
Here's a vital sentence from that article: "Clearly, if the economy turns, this could become a great deal." I don't want to be a crabby pessimist, but this is getting old when every day on the news (like today) the two biggest stories are the dollar at all time low and oil at an all time high.
ReplyDeleteJP, since I found your site from SI, where they like to argue endlessly about things like music, whether fundamentalists have the ability to write scholarly, whether it's ok to go to movies, etc., I've wondered something: Does anyone ever wonder if things get hard enough, economically speaking (Of course I hope it doesn't!), that people would start to be more concerned about just getting by and worry less about things like CCM, pastors who wear golf shirts, whether projection screens are ok in church, etc?
RE: S/I and the endless debates re CCM, etc.
ReplyDeleteBest to clear your mind of these thoughts. Debating this is a waste of time!
I am studying the book of Ephesians line by line in the Greek right now. My Greek is very rusty but I love digging into the text. It has purified my mind of the vanity of the CCM / movies / golf shirts / projection screen debates.
God bless,
Jim
(Re the economy: I just visted the Herbert Hoover museum and library in West Branch Iowa (on Sunday). I think that some of what we see today parallels the credit crisis then.)
Thanks for being a reader and the emails as well.
Lol, uh oh, you must know who I am......:) But seriously, I enjoy your site. Good thoughts on your last post, too.
ReplyDeleteFor more fun news, here's an intersting little excerpt from a copied article:
"As expected, the Fed’s move to inject $200 million worth of fresh air into the money markets on Tuesday acted only as a band aid on a gaping wound.
On the back of the latest plunge, Mitul Kotecha, head of foreign-exchange research in London at Calyon, told Bloomberg News that he fears a complete crash could be just around the corner.
"Sentiment for the dollar continues to deteriorate very, very rapidly and if we’re not careful this will turn into a dollar crash," said Kotecha."