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AGE Bot. By Wachovia

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Jun 5, 2007 11:41 pm

I have enjoyed reading many of these posts.  Some of the ideas that have appeared are informative.  There is not much real information out there, other than the corporate BS that is coming out of St. Louis, about how the acquisition will affect us or our clients.  I guess we do not have much other option than to wait and see what the management of WB and AGE have to offer.  I do not see how my client is going to gain anything.  At AGE, I always felt that I was part of something better.  Wachovia is really First Union.  Somehow I cannot be convinced that I will be part of anything meaningful at WB.

I do appreciate the comments of downunder about getting sold out by Bagby.  I only wish I knew the Edwards family close enough to listen to their comments.  I know that their net worths are increasing, but somehow I believe that they, too, feel that they have been sold out.  Ben F. did a great job growing the firm during his tenure.  Maybe I should just look on the bright side.  I know that the cash out portion of the deal will force me to reduce my position and diversify my portfolio.  And anyway, capital gains taxes are only 15% this year.