ajtj99's Market Pulse

[jdaasoc]

RE WM & WB

They were both down 9% today on heavy volume.

I been eyeing their NJ branches over the last 2 weeks trying to get idea of what type of purpose these surely soon to be vacated structures could be used for if they became available to new tenants.

WM branches in NJ are mostly small sized B class strip mall locations in working class towns mirroring the predatory loans they tried to originate. Most would be hard pressed to be rented as hair salons or dollar store locations.

WB branches are more formidable and larger structures. They have small high up windows and large amounts of brick work at street level outside and high teller counters and half walls separating customers form bank officers inside.
However, most of the well run consumer/small business banks which would be prospective accquring banks of these branches like customer friendly designs with lots of glass and open areas.

What comes to mind as a prospective new tenant for their branches is adult video stores. <g>

I think 1 or 2 large retail bank failures would mark beginining of the end for the banking crisis al la S&L crisis. One would have to say enough is enough and the strong will survive.