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International Investing / Australia (All-Ordinaries)

URL:  http://boards.fool.com/hello-again-folks-ooks-like-the-us-subprime-26854526.aspx

Subject:  Re: Buying ANZ Date:  7/28/2008  8:29 PM
Author:  jeffrubinstein Number:  6171 of 6186

Hello again, Folks,

ooks like the US subprime toxin has leached into Australia too! Do you think NAB will remain the only one 'materially' affected?

ANZ just announced a huge write-off

http://money.ninemsn.com.au/article.aspx?id=604689

Statement to the ASX

http://imagesignal.comsec.com.au/asxdata/20080728/pdf/008634...

this is also available via www.anz.com.au

They are well down on the news, although they head the 'buys' list on volume this morning

Regards

Jeff

Disclaimer - long CBA, still wouldn't touch ANZ. Might get some NAB, but not until after the next financial report from NAB
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