State Street Corporation (STT) doesn't get a lot of coverage here at Seeking Alpha, but what little coverage it does get tends to focus on the company's low stock price and attractive valuation. Vanaheimr Capital says State Street is On Sale, Cory Cramer is Buying State Street after a recent downturn, and Josh Arnold claimed State Street Still Looks Cheap Despite a Tough Q4. Although these articles do have a point, I believe that most authors are overlooking several key deficiencies and issues in the company's business lines and growth prospects. State Street's biggest sources of revenue, asset management/servicing fees and net interest income, are all suffering from anemic growth and declining margins due to strong competitive pressures and tough industry conditions. Competition is intensifying, organic revenue growth has all but ceased, and the company's financial performance is worsening. State Street does offer some value, but I think investors should wait until its financials and overall prospects improve before initiating a position.