NYCB is a solid, profitable bank with plans for growth to $80 billion and paying a solid dividend.
I agree with you that a price below $15 would present a great buying opportunity but will be surprised if you see the price below $15 anytime during the next 12 months.
Thanks for the conference number and access code; the call should be interesting.
That was stupid. You could have got WFC under 51. WFC is a better bank stock that posted a good Quarter.
I agree with your comment. Whenever the shares dip in the low $15 range I add more shares. I have owned this since it was an IPO, have lived in Roslyn and have great faith in this bank which has gotten much stronger and bigger since the IPO The dividend has been consistent even during the market down turn and can be relied upon for a great dividend position. These swings down are buying opportunities.
Sentiment: Strong Buy
I don't see where Cramer said that. I watched his quick comment off the top of his head that NYCB could possibly cut their divi but nothing about what your comment said.
I love these kind of swings where I can keep my core positions and then add shares to sell later after the dust settles. I like NYCB and BBVA both for their nice dividends and trading rangess. I like them both a lot.
Off Topic : Maybe look at MBI - Not pumping but maybe just look and do your own DD.
Yes...my guess is you will be rewarded...and when we throw out the Lefties currently running or not-running Govt. this Nov. and Nov. 2016...you're gonna see the bank Business come roaring back too you'll see avg. 10-year interest rates at .045 percent and lots of additional reflating of some assets happening too...jmo...
If your sentiment: is 'Sell' then I suggest you short sell all you can get . Please, please take my shares and sell them. For this to get to $15.00 would be a dream come true for me.
Earnings falling from 1.13 to 1.08 in 2013. No growth bank stock. Cramer said today to sell and buy a high quality bank stock like WFC which is down almost $3 a share since reporting GROWTH earnings year over year vs a lack of growth stocks like NYCB. NYCB is the WIN (WInstream) of the bank stocks.
Think I will place a buy order @ 14.99 gtc and expect it to execute on the day earnings are released for one reason or another. Concern about reaching 50b or need to cut div probably cause a somewhat wild price bounce.
Agree with you airlease that there is always time to buy more if it drops further but I suspect without the news of the day NYCB would have been green and I would not have been a buyer. I will definitely add more but only on a bigger drop than today.
Do you know how low it will go? You need to pull the trigger at some point. With the geopolitics right now I am leaving some dry powder - but have already bought a few companies at prices that I haven't seen for a long time. I know I won't catch the bottom - but don't want to miss the opportunity. I don't think Charles will be upset that he bought at 15.45 next week.
Thanks ikie - it was in the BAC note not in the conference call. This fear has been around for a while - does it become so important at 2pm yesterday to effect the price so much?