Tuesday, April 21, 2009

Wells Fargo: Bulls vs. Bears

Voltron says: The bull case is bullsh!t (hat tip to G-man)

"I've accepted the point of view that if a loan is not in default, it's
worth what it says it's worth. And that means I think the markdowns are
excessive in the sector."

http://money.cnn.com/2009/04/20/pf/wells_fargo_analysts.fortune/index.htm

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