I came across this today. I've been a holder of
KRB stock for years but don't have any of their
cards....not enough free stuff! Anyway, here's their new site
where you can charge something and minutes later see it
posted to your account. They claim the other card
companies only update once a day and they do it in
realtime. Why you would need this info minutes later I have
no idea but here it is:
clearly stated that AIG is interested in
acquiring a credit card company...there were to related
articles a week and a half ago...the only likely candidate
the articles states is mbna...i was not able to find
the link...sorry..im not making this stuff up folks,
these are legitimate rumors, if there is such a thing..
the only takeover rumors are coming from these posts...where are you getting your information? MBNA is continuing with purchases of credit card receivables & counting their money. Why sell???
are ludicrous. What I hear from the MBNA end is
that its just not gonna happen and that neither party
is even interested. It has helped to drive the
stock-price up though, which is a plus for us. KRB keep
krb has been more volitle lately because of the
takeover rumors...there is no was a $150 million portfolio
acquisition from some small bank know one over heard of took
this stock up 2+ yesterday on 2mill +
volume...starting to look like the old days...stock taken up on
takeover rumors and substantiated with consistent earnings
not selling at this point...would love to see AIG
take the next step...
for your reply. What you said is basically what
DID happen. In spite of what you said, I did make an
investment (gamble) in this stock prior to the X-div date,
and sold only part of it for more after the X-div
I got some of the dividend, but not all that I
think was due me and we are still discussing (arguing)
that point about the X-div date. So far, I think I
have about broken even and may end up with some tax
benefit, which is primarily what I was after. Thanks
again. You were the only one who answered my
P.S. - I sold all of my KRB (MBNA) stock at 30 the
other day. I move in and out of this one whenever it
looks like I can make some money and so far it has been
pretty good to me.
the price of a stock always decreases by the
amount of the dividend on the x-dividend date, so i dont
see why that would be different w/ wpbc. earnings per
share last quarter were .17/share. i dont understand
the tax free statements made on the statement. it
looks like easy money right. wrong! no such thing.
balance sheet looks horrible, company is losing revenues
not gaining them, and the stock has done nothing in
the last 12 months. there is no free lunch. if u want
to try to short it at 12 and cover at 6 good luck,
but in my experience these things are not the way to
get rich and definately not what i would call
investing...buy solid companies and hold them instead. very
interesting though, thanks for the tip. good luck!
Could some of you please review the news article
that I have linked below regarding
Bankcorporation, Inc. and interpret it for me from an investors
other words, do you think that this might
be a good buy? Will the price of the stock
automatically drop by the amount of the dividend on the
X-dividend date? Please help.
12.625 , - 0.125
Park Bancorporation, Inc. Announces $6.00 Per Share
Thursday, May 20,
1999 04:20 PM
Mail this article to a friend
LUTHERVILLE, Md.--(BUSINESS WIRE)--May 20,
1999--The Board of Directors of Wyman Park
Bancorporation, Inc. (OTC Electronic Bulletin Board:WPBC), the
parent company of Wyman Park
Federal Savings & Loan
Association, announced a $6.00 per share special cash dividend
June 21, 1999 to shareholders of record as
of June 7, 1999.
Wyman Park Bancorporation,
Inc., currently has 905,926 shares outstanding and will
aggregate special dividend payable of
According to bank President,
Ernest A. Moretti, the special dividend is expected to
because it represents a return to
shareholders of a portion of the proceeds raised when the
went public in January, 1998. He further stated
that a nontaxable return of capital would reduce the
cost basis of each outstanding share.
The Board of Directors took this action because it
believes the current "equity to assets" ratio of over
18% is excessive and will prove to be a deterrent to
generating acceptable returns on equity over the
term. President Moretti stated that the Company will
remain well capitalized with the "equity to
ratio exceeding 12% after payment of the special
As of March 31, 1999, Wyman Park
Bancorporation, Inc. reported assets of $72.7 million and
stockholders' equity of $13.3 million
Wyman Park Federal Savings and Loan Association serves
Baltimore County and surrounding
communities from its
main office located at 11 West Ridgely Road,
Lutherville, Md. and serves Anne
Arundel County from its
branch office located at 7963 Baltimore-Annapolis
Boulevard, Glen Burnie, Md.
Wyman Park Bancorporation, Inc.
Ernest A. Moretti,
Quote for referenced ticker
� 1999, Business Wire
I believe that Flash meant that they may acquire
just their credit card portfolio. In either case,MBNA
would make either a great acquistion for somebody or a
great acquirer of somebody.
I keep hearing that
Chase is ready to make a major move and that KeyCorp is
in play....but that's been around for awhile now.
Do you know anything about the financial world ?
How would a lower tier Fortune 500 who's capitlaztion
is under 4% even dream about taking over one of the
50 largest companies in America. MBNA won't be
taking over anyone except some small portfolio,
generally in the $500 mm to $2 bil range.