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Author: kschof Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 44593  
Subject: Banking Nosebleed ??? Date: 11/26/1997 10:54 PM
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Fellow shorting Fools:

What am I missing when I look at Wells Fargo Bank and see a PE of almost 30 again? I know Berkshire Hathaway supposedly still owns about 6 million shares and since I live in California I know they are a strong player on the West Coast and are aggressively following cost saving strategies such as online banking and supermarket "branches". But a PE of 30 times for any bank gives me a nose bleed!

Can any of you share a cautionary tale about why I should NOT short WFB? Conversely, further evidence to corroborate my inclination to do so is also welcome.

Thanks in advance,
kschof
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Author: bigwayne Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 313 of 44593
Subject: Re: Banking Nosebleed ??? Date: 12/1/1997 8:12 PM
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i think one of the fools had a position shorting wfb ~3-4 mos ago . . .

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