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People's United Financial Inc. Message Board

  • thriftstockfan thriftstockfan Apr 12, 2007 6:21 PM Flag

    $43.71 / 2.11 shares = $20.72 - 3.58% POP

    Today is effectively the first day of trading for the new stock as we now know the exchange ratio. Did ok, in the 3% to 8% pop range I gave it, revised downward to around 3% when I found out they sold between mid & max. If it had come out at mid it would probably have been an 8% pop.

    No one got rich, Klein made a little over $70K off of his $2,000,000 order, but he made MUCH more off of the exchange ratio being at the nosebleed high range of 2.11. I know everyone said it had to be good because Klein wouldn't put his money on a loser, ah, but by putting in a $2,000,000 order he could tell everyone at the dog and pony shows that he was buying as much as he could in the subscription conversion, slick move Klein, too bad none of you had his shares/options/etc to get multiplied like that.

    When the certificates get to buyers it might dip a little as people sell much of what they bought. It should hold $20 for the short term, next couple of months. Alot of people will be disappointed in the pop and dump.

    Best of luck to everyone on here, no matter what you decide to do. Stock won't crash, but there are better places for your money as it will be a slow go uphill for this bank. I took some bashing for being a realist, but that is ok, I would rather be right than a cheerleader for a mediocre stock.

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