|I have Cramer on at 6 PM, mostly for entertainment value, and I recall him featuring GLS a while back. Likes it (apparently still does) as a global demand play. I'm watching it now, perhaps this one is a case of people are selling pretty much anything to which the "R" word can be attached, plus year end tax loss selling contributes to price declines.|
Speaking of that selling, I more likely than not will swap out of underperformer (like virtually all its peers) WB into relatively small regional PBKS. Read a very positive article about PBKS in the Baltimore Sun a couple of weeks ago. The article did not deny the company was immune ftom the problems facing virtually all banks now, but felt that the company could manage thees problems effectively enough. Also, PBKS is one the last ones (small independents) standing in the Baltimore area with Mercantile being taken over by PNC.