Wachovia Corp (WB)

iamamartin (98.71) Submitted: 4/02/07 8:54 PM : Start Price: $50.00 WB Score: 58.59

Alt-A loans. Pitiching more option ARMS ????


Buys Subprime lender in October 2005 before the meltdown.


Has $1.6 Billion in Negative Amortization Interest on its books.


The housing meltdown has not really got going...

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ww2004 (99.43) Submitted: 5/14/08 1:05 PM : Start Price: $27.43 WB Score: 34.78

There is a lot of speculation that the worst of the credit crisis is over. If sub-prime were the only concern that might be true but the next wave will be prime borrowers with option ARM loans. As average house prices continue to fall and option ARM ...

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bhessel (97.81) Submitted: 11/12/07 9:49 AM : Start Price: $39.56 WB Score: 49.12

Expect that there is more bad news to come here into early 2008.

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jep2224 (49.72) Submitted: 3/24/08 11:57 AM : Start Price: $30.79 WB Score: -45.12

Wachovia has been lumped with the other financials due to the sub-prime problems, however with the aquisition of Golden West they inherited a portfolio which has been conservatively managed for years and is in no danger from the current financial mes...

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bu8ball (98.93) Submitted: 8/29/07 12:37 PM : Start Price: $45.79 WB Score: -54.60

Selling at a discount right now... WB will survive because of its asset management services, and tapping into retirement communities in Florida and the Atlantic south. Good pick for the next 18 months.

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TJones97 (74.25) Submitted: 6/07/07 5:35 PM : Start Price: $49.63 WB Score: -54.51

Great aquisition in AG Edwards. Further evidence of the hypercompetition in the brokerage industry, only going to get more competetive. There will be fewer, larger brokerages that survive the next 10 years.

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NetscribeBanking (96.27) Submitted: 12/28/06 1:15 AM : Start Price: $52.87 WB Score: -60.55

Wachovia is the fourth-largest bank in the US, with more than $555 billion in assets. Based in Charlotte, N.C., Wachovia offers retail and business banking, brokerage, asset-management and investment banking products. Wachovia was formed in 2001 by t...

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bkuf (< 20) Submitted: 8/21/07 12:41 AM : Start Price: $45.80 WB Score: 54.86

WB paid way too much for Golden West Bank and their timing was awful. Golden West was heavy into CA sub-prime mortgage lending. WB bought it just before the sub-prime crisis began. They will be burned by mortgage losses in CA for a long time. Def...

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manchutiger (24.49) Submitted: 5/31/07 12:18 PM : Start Price: $50.97 WB Score: -53.00

Little publicized, their capital markets unit is crushing it in China and India. While this is not a huge part of their business, I work with them in China and can say they are definitely our first choice to work with. My father has done domestic rea...

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humaninvestor (26.57) Submitted: 2/06/08 6:26 PM : Start Price: $33.12 WB Score: -50.91

Build position in 4 phases each of 25%. Select how much you want to invest in this stock and in first phase invest 25% amount of total investment you want to make.
If stock goes down [15%] keep averaging by adding 25% each time. Not more than 1 time...

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