Comments for WB - Stockpickr! Your Source for Stock Ideas

Comments for WB

Added By	Comments	Type	Date Added
SkyRocket	Another reason not to trust the pundits!	Hate	April 15, 2009
volinnp	took it in the shorts after ceo said it was all good	Hate	February 09, 2009
Alask002	Like it long term	Love	December 31, 2008
Kasi V Karri	Way to get Wellsfargo	Love	December 18, 2008
sarah z	From a recent Mad Money show: "Yes! When you buy Wachovia, you also get Wells Fargo (WFC). You've got a winner there and I want to buy more."	Love	December 15, 2008
petaylorjr	Down going up	Love	December 01, 2008
Grace Ching	even the mighty can fall with bad acquisitions	Hate	November 30, 2008
wnklbrry	takeover	Love	November 29, 2008
Montegrl	Not for speculation but long term. Trading well below value.	Love	November 29, 2008
barrons3	Bank of America (BAC) looks dirt-cheap, and Citigroup (C) has to be the cheapest of all. But I thought Wachovia (WB) was cheap, and others thought Washington Mutual looked really cheap.	Love	November 13, 2008
barrons3	The Wells Fargo (WFC) deal is a good one. And I am glad to be in agreement with my friend Doug Kass on this one. I am buying it through Wachovia (WB).	Love	November 06, 2008
barrons3	Sell -- Price 6.09 on Oct. 22 by Sandler O'Neill WB reported a 3Q08 loss per share of $11.18 ... . We estimate a core loss per share of $2.13 after excluding $18.8 billion (pretax) of goodwill impairment, $697 million of merger-related expenses, $371 million of securities losses, and adjusting for a more normalized tax rate. This falls meaningfully below consensus estimate, 2 cents, and our estimate of a [12-cent loss], although estimates were probably less meaningful in light of pending acquisition of WB [by Wells Fargo]. Market cap: $13.2 billion.	Love	October 25, 2008
ervrobin	dead	Hate	October 17, 2008
barrons3	Wachovia (WB), Washington Mutual (WM), now Sovereign (SOV) with Santander (STD), which I had no idea was healthy enough to buy anything but can put the bad loans to TARP like all of the others.	Love	October 16, 2008
RAPTOR I	Wachovia (NYSE:WB - News) sweepstakes, will report earnings Wednesday morning before the market opens. Analysts are expecting earnings per share of 0.42. The Short Term PowerRating for JNJ is 6 and WB has has a Short Term PowerRating of 4.	Love	October 15, 2008
rodbolles	always made money on this stock	Love	October 14, 2008
barrons3	Pete Najarian said he is holding onto the regional banks because they will have the “opportunity” going forward. He says the big banks will gobble up names like National City (NCC), Wachovia (WB) and Regions Financial (RF). “I would still buy these names through options are with buying the stocks outright,” he added	Love	October 08, 2008
Zebulon	Just lost $12,000 after listing to CEO Steel on Cramer's show	Hate	October 08, 2008
rbhagwandat	No one sknows who will buy this bank	Hate	October 06, 2008
tellsm1	the worst is over for them	Love	October 03, 2008
florim zeqiri	cheap	Love	October 03, 2008
barrons3	Cramer said that Wachovia (WB) will also benefit from the bailout. With CEO Bob Steel's previous government experience, Cramer said that he will be able to take advantage of the plan by splitting Wachovia into good and bad components and sell off the bad parts quickly to the government.	Love	October 02, 2008
gspott13	Recovering, I see high profits	Love	September 30, 2008
jeff160	I apologize in advance for the sarcasm, but does Cramer plan on holding up a Wachovia T-Shirt tonight with a -100% instead of the +60% (or whatever it was) last week? Post CEO interview, I felt relatively comfortable about the management of WB, but I wanted to feel more comfortable about the completion of the bill. When I felt pretty good Fri that the bill would be complete by Mon, I bought WB. Thanks--that worked out great. So what Cramer's saying now is that if the bill passed last Tues, WB lives and if it waits 4 business days, it's dead? Stop pushing crap like this on viewers who listen. If it's that close, please waive a red flag in the background as you're talking to Mr Steel. Check out the following link to the 2006 Wachovia investor presentation regarding the Golden West acquisition. Slide 9 is great - "Low risk $121 billion consumer loan portfolio" http://www.wachovia.com/file/WB_GDW_ShareholderMtg.pdf	Hate	September 29, 2008
jvgx69a	Mortgage losses dictate takeover soon at a substantial discount	Hate	September 28, 2008
sarah z	“So what happens if we get the deal? What occurs? Will we see immediate deals? I think it depends on the accounting. If an acquiring bank were to buy Washington Mutual (WM), say, without any assurances that those mortgages can be written down to where they can be flipped, the acquirer would be committing suicide. That makes Washington Mutual just a so-so bet, although its $300 billion in deposits make it a terrific target. Put it this way, the FDIC will own WaMu in a week without the plan, and that will be mighty ugly for the FDIC. But it could happen anyway, given how bad the WaMu loan process was. Instead, I think the focus will be on Wachovia (WB) because I believe Bob Steel has the best handle on what the process will look like. I think he is ready to dump his bad bank on the government in return for a stake by the government in it and then his good bank can thrive. I think that Wachovia goes from a dicey situation to one of the best ones. The most attractive name, obviously, is the one that will actually profit from the plan early: Bank of America (BAC). The bank has written down Countrywide and it will be writing down the Merrill Lynch (MER) debt. It is, by the way, Bank of America that will be the political hot button because it has done things very right here and it could benefit quickly from the plan. The wild card is Citigroup (C). We really don't know what it owns, but you have to believe that if it can somehow get the bad loans it has in its various difficult-to-understand instruments of destruction on its balance sheet off that balance sheet, you will begin to see the value, at last, of its huge deposit base. Of course, if the plan fails, only Bank of America makes much sense going forward.	Love	September 25, 2008
barrons3	Wachovia (WB), Washington Mutual (WM) and Citigroup (C) are all institutions that will be pretty good with the RMT. The lies being told about Wachovia CEO Bob Steel and his "only $10 billion problem loans" are a joke. On my show he talked about $125 billion in residential problem loans and $10 billion in problem loans in commercial that are also related to housing. That's why he needs a "good bank/bad bank" solution to the problem where he can sell the bad bank to the RMT. Unfortunately, because of bad management and lax lending standards almost all of Washington Mutual is a bad bank. We need a takeover or seizure there	Love	September 25, 2008
machtuch	Potential	Love	September 22, 2008
angela6274	like bob steel...think the bank will recover, only 5B in mortgage related issues	Love	September 21, 2008
barrons3	Najarian told viewers that he owns some put spreads on Wachovia(WB) because the yields and options are telling him that the risk in this stock is high.	Love	September 17, 2008