RE: banks are going to sink``Financial stocks have further downside of as much as 50 percent based upon 1990/1991 multiples of tangible book values,'' New York-based Whitney said in a report today. ``As we believe we will begin to see goodwill writedowns during the first half of this year, we believe investors will focus more on tangible book value and stocks will quickly revalue to far lower levels.''
To contact the reporters on this story: Michael Patterson in New York
hey not bad HFD has a bright future