i like orit and roma i expect great returns over time meanwhile they have been doing ok super high quality super high quality market love nj
simple you are a risk adverse barrons reader sure vermont appeals to you it is low risk play and smart from that point point of view , but we ask is why there little cometetion up there?
i too am flat in pbct here , but i think shows a lot about the health of our subsector so i am a watcher ,
i bot just alittle more ORIT recently these h funds need to sell , ORIT can buy back stock ! and lots of it ...lot of cash and biz is slow buybacks and div waive all the way ! we will do ok i like nj mhc here isbc orit krny oshc a nice 20 tender woiuld be nice time to reduce float when prices are down !!! sinejoco
the really bad paper was written in 05 and 06 it isd a fixxed quanity of subprime , as these loans are no longer being written , the hangover will NOT last forever !
the problem has been solved ! now it is justa question of how much damage froma fixxed pool of this trash , meanwhile smart money is fishing through it all and buying the discounts , some are so steep and with the economy as it is , should make money .......it is a lot of a simple liquidity crisis , all heading out same day one day it will slow down and will be another event in history ,,,
these no money down toxic loans are history ..........they will written off ..life will go on ......m & a is still the end game ,,, pound is super strong....joco
People's United Financial (PBCT - Cramer's Take - Stockpickr - Rating), a financial services company, has been downgraded to hold. While the company has experienced revenue growth and expanding profit margins, it has also seen deteriorating net income and a disappointing return on equity.
Earlier this month, People's United reported second-quarter income of $13.5 million, or 5 cents a share, which included a $60 million contribution to the People's United Community Foundation, which reduced net income by $39.6 million, or 13 cents a share. Excluding the charge, net income would have been $53.1 million, or 18 cents a share, compared with $32.9 million or 11 a share a year ago. Current return on equity is lower than its ROE from the same quarter one year prior. The company had been rated buy since April 2007.