WPP Group plc (WPPGY)

All Comments on WPPGY

  • commenter
    Ishortyou
    Oct 01 04:03 PM
    What Will Happen to Banks' Ad Spending Now? [view article]
    Wachovia got rid off the prior toxic risky wasted bank subsidiaries and kept the good ones. Now it can start from scratch to build a new banking subsidiary with safe practice together with its remaining good outstanding subsidiaries. The current subsidiaries of Wachovia make it look like “Merrill Lynch without the toxic risky waste”, good job from management it separated the good bank from the bad bank overnight, plus its CEO Bob Steel is one of the top rated mutual fund managers. Wachovia will keep the valuable human resources and the talent that have expirience in the banking business saving them for the new banking subsidiary. Buying the municipal bonds or the auction rate securities will give the inflow of cash as long as its hold even to maturity. Some investors are taking money away from Hedge Funds going wild and putting that money into accounts manage by people that know what they are doing, Bob Steel is one of those people that know what they are doing, dont be surprise some of this money will go to Wachovia subsidiaries. Earnings will be adjusted accordingly, like simple arithmetics they will manage its expenses vs its earnings to come ahead in capital and start piling up cash (saving cash a hard job for most of us that live on debt), this new cash will give them the jump start of a new banking subsidiary without even thinking about to sell its remaining subsidiaries.Forgot to mention that Wachovia owns a hudge Insurance subsidiary which is making money and has sound book of business. Lehman debt is bonds most of them senior, as bankrupt as Lehman is those bonds get paid. ARS are Municipal Bonds as bonds they get paid, hold into maturity they get paid in principal, those ARS are cash flow. Preferred dividends will get paid accordingly because the holding company does not own the banking subsidiaries anymore so modification are going to be made. Getting rid off the toxic waste risky bank related subsidiaries is a good strategy and converting the remaining broker one to a new bank subsidiary with clean sheets is a good one too.


    Reply
  • commenter
    banker27520
    Oct 01 03:47 PM
    What Will Happen to Banks' Ad Spending Now? [view article]
    I don't really see how they can keep the Wachovia brand name because Wachovia still exists as another company with the brokerage and insurance arm. That would be extremely confusing, just best to change it to the Citi name.... Reply
  • commenter
    HighHeat
    Oct 01 03:08 PM
    What Will Happen to Banks' Ad Spending Now? [view article]
    An oligopoly controlled by three companies (think back to the US auto industry in the 60s and 70s) makes for some fierce ad battles. The media money won't be spread among so many different companies, but it'll still be out there. Reply
  • commenter
    posgood
    Oct 01 02:12 PM
    My Website
    What Will Happen to Banks' Ad Spending Now? [view article]
    1. I thought the news reported that Wachovia would be operated as a separate retail brand by Citi.

    2. Somebody's loss is someone else's gain. Both JPMC and Citi will be moving into new markets with these acquisitions. They are not likely to go dark.     Reply
  • commenter
    USC-Col
    2006-Honors
    Finance/Econ
    Grad MD
    Oct 01 12:25 AM
    Is Wachovia's $150 Million Ad Account Smart Spending? [view article]
    With regards to liquidation of that stock, speak to your advisor, planner, or broker. Hell we want to keep as many brokerages in business. But that aside, since that stock is so regulated now do to the company situation, their are certain procedure that must be taken to liquidate your stock. I know on Monday, trading was halted completely. I would get with your broker as quick as possible just a beginer, if you're still reading, Reply
  • commenter
    USC-Col
    2006-Honors
    Finance/Econ
    Grad MD
    Oct 01 12:22 AM
    Is Wachovia's $150 Million Ad Account Smart Spending? [view article]
    I believe in the Wachovia situation. Thankfully the company sold off its deposit to Citigroup...thus its no longer, once closing, have any ties to citigroup what soever. The only remains of Wachovia are its brokerage and insurance units essentially. Wiht regards to WB stock, I believe all out of luck. Because since it is know currently a penny stock, it will be extremely regulated. Only certain person, investors, are allowed to make the market in that stock. I belive the WB as a whole let people down. They got too complacent with regards to last year's high and became lackadaiscal when it comes to running their banking operations. The executive staff can do all they can, but it comes essentially down to whether the company as a whole is willing to buckle down and live up to their job responsiblities in making sure that the bank turns a profit, invest deposits wisely, and package mortgages that bring interest and principal to the bank and keep consumer in a steady home loan. Reply
  • commenter
    Just a
    beginer
    Sep 29 10:35 AM
    Is Wachovia's $150 Million Ad Account Smart Spending? [view article]
    What is a Bailing out. I have some stock in WB. Recently I bought them. If CITY Group buy Wachovia, does it takes the staock also....Please help me I don't have much knowledge in this field... Reply
  • commenter
    Just a
    beginer
    Sep 29 10:32 AM
    Is Wachovia's $150 Million Ad Account Smart Spending? [view article]
    What happens to the stocks in Wachovia. What is a Bailout: Does that mean the stock price of wachovia goes to 0. I am new to this field, and have some WB stock. Reply
  • commenter
    nyka
    Sep 28 08:37 PM
    My Website
    Is Wachovia's $150 Million Ad Account Smart Spending? [view article]
    265449--make it "so called JOURNALISTS," not so-called journalist. Obviously, you fail to meet the qualifications of a professional journalist. Reply
  • commenter
    USC-Col
    2006-Honors
    Finance/Econ
    Grad MD
    Sep 28 04:26 PM
    Is Wachovia's $150 Million Ad Account Smart Spending? [view article]
    Sep 28 04:24 PMThe majority of the shares climbed have been attributed to the historic new CEO and his cabinet who is excellent as well...but if you give a almost completely eaten sandwich to a starving person, they can't get completely full off it no matter how hungry they are. However the only reason its trading as high as it now are because of Steel and his personal company who have fantastic jobs at other locales but may not save a lackadaisacal company during the current crisis. If they just lived up to their responsibility in providing consumers with mortgages that meet their needs, earn some returns are made on customer's deposits, and made sure they can guarantee through profitablity that they a trusted, mature, responsible, educated bank then Wachovia shares would return to normal levels but they flatly refuse to hear the cries of the market bells at the end of the day. Reply
  • commenter
    USC-Col
    2006-Honors
    Finance/Econ
    Grad MD
    Sep 28 04:24 PM
    Is Wachovia's $150 Million Ad Account Smart Spending? [view article]
    The majority of the shares climbed have been attributed to the historic new CEO and his cabinet who is excellent as well...but if you give a almost completely sandwich to a starving person, they can't get completely full off it no matter how hungry they are. However the only reason its trading as high as it now are because of Steel and his personal company who have fantastic jobs at other locales but may not save a lackadaisacal company during the current crisis. If they just lived up to their responsibility in providing consumers with mortgages that meet their needs, earn some returns are made on customer's deposits, and made sure they can guarantee through profitablity that they a trusted, mature, responsible, educated bank then Wachovia shares would return to normal levels but they flatly refuse to hear the cries of the market bells at the end of the day. Reply
  • commenter
    USC-Col
    2006-Honors
    Finance/Econ
    Grad MD
    Sep 28 04:18 PM
    Is Wachovia's $150 Million Ad Account Smart Spending? [view article]
    I believe the amount of bad press attributed to Wachovia is completely fair. Your referring to a company that specifically packaged as mortgage option adjustable rate mortgage and mortgages in which a person can decide when to pay their mortgage. So two things are going to happen, one, their going to run out of money because they can't guarantee income. Two the consumer is screwed because they may not be able to pay when the mortgage actually adjusts, their locked in on a credit report with a company that is known for messing these types of things up. Wachovia is a company with a 100 year history and their screwed completely in a matter of months by bad decision after another as a group. Those certificate of deposits need interest paid on them, and they have to pay those back when they mature and their not doing anything with borrowed money since that's what a CD basically is, a collateralized loan with liquid assets backing it. This an area when banks are starting to fail. No one wants to merge with them and no one wants to take them over so far, and I doubt once that package is pushed that the money will going to a company who has been looked into by federal regulators in the majority of offices. They clearly don't understand how to turn a profit, because according to previous articles they are not writing down their mortgages and take a hit now because they are basically too scared too lose even more money right now. In other words, they may never be able to get back off the ground again. Reply
  • commenter
    hunter
    Sep 28 02:28 PM
    Is Wachovia's $150 Million Ad Account Smart Spending? [view article]
    If the media mongers would just leave Wachovia alone Wachovia will succeed. No way can you can compare Wachovia to WMU but now that WMU is gone the media wants to try bringing Wachovia down. Bob Steel has a plan and it will succeed. I just wish all those journalist who incorporate sensationalism into their reporting would jump off a cliff never to be seen again. This type of reporting is bad for companies and the overall health of the economy. All the banks are in the mtg mess. Some have mtg losses far greater than Wachovia. The Govt helped create the mtg mess with such laws as the CRA (community reinvestment act) where banks were forced to make mtgs to minorites ect at 100% or greater loan to values knowing they did not qualify for the loans. A lot of the losses are in this type of loan. It has a snowball effect. Declining home values,high fuel prices,loss of jobs all contributed to these mtgs going bad. The CRA act contributed greatly to these mtgs going bad. The Govt helped create this mess so its only right they help the financial institutions over come it by the rescue bill that will be passed by congress and signed into law by the President. Reply
  • commenter
    Narlea
    Sep 28 11:39 AM
    Is Wachovia's $150 Million Ad Account Smart Spending? [view article]
    We were asked to comment on the article not on what is going on at Wachovia and the financial mess which I hope will be settled today. Many have posted important and interesting information.

    Dave Mazz (3rd post) is correct about his comment: I have to assume that the first two commenters, who seem to be more-interested in Julia Boorstin.

    But very wrong on his assumption: than in Wachovia's financial position and do not own any Wachovia common stock.

    How about 3K shares and a few hundred K in Cd's and in a security account. Looking at Julia's beautiful face was a nice distraction to the current situation. The article did nothing for me and I am well aware of the possibilities here but don't think we will be following your scenario.
    Reply
  • commenter
    Ishortyou
    Sep 28 08:31 AM
    Is Wachovia's $150 Million Ad Account Smart Spending? [view article]
    in regards to Wachovia they are serveral tactics that it can apply to solve its book of business facing the main problem which is the run of the bank phenomena. Most of those run of the banks are from payrolls from small business and depositors of more than 100,000 dollars that are running like chickens without heads. 1. Wachovia is doing a good tactic on reassuring their depositors to install confidence in its business through phone calls, personal visits-contacts, adequate interest on deposits, etc, etc. 2. Now that the goverment is willing to buy bad assets on warrants, they can sell the trouble assets and delever quickly from them and sell part of their equity without stockholder dilution to the government to boost confidence. 3. Make a deal with FDIC of NO intervention as this is done. 4. Keep working on their good loans to boost capital/liability ratio as well as reducing business expenses. With this strategy is likely to succed. Reply
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