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Author: Esquire2b One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 28  
Subject: reply Date: 8/1/1999 7:59 PM
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unfortunately, not much activity here for WFSL (try the Yahoo! finance boards for some decent activity)

the one 'problem' with WFSL is their corporate strategy. (though in other times it would be their strength). Since they focus on 30, 15 yr fixed rate mortgages, they will get caught (earnings wise) in markets with rising interest rates. As their average yield spread (between what they get in loans rates and what they have to pay out for those loaned funds (deposit rates and fed. funds, etc.), will narrow as they have to raise deposit rates to maintain a sufficient deposit ratio to loan. (also, the money borrowed from the FED to make up the difference will be at higher rate).

Otherwise, it SEEMS like a good company, although as the previous poster here pointed out, the one he went into seemed pretty shabby.
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