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People's United Financial Inc. Message Board

  • mbagamers06 mbagamers06 Jul 15, 2010 8:56 PM Flag

    MGT is Creating Long Term Value

    Management seems to be listening to their investors. They are aggressively growing this company and is a force to be reckoned with. The multi prong solution to growing the company is impressive.

    1. Share repurchase-People bought shares this quarter when the stock dipped to the 14s (Great job management recognizing shares are undervalued)
    2. Acquisitions-Peoples expanding by acquiring two more banks
    3. Organic Growth-Peoples building new branches

    Management then went on to say that their exploring other capital deployment options (maybe a large buyback of shares) which would be a great move at current prices. The problem is after tomorrow, I believe we go over $15 after this quarter. This stock should be trading at $20 right now.

    People would of earned .09 cents without the one time charges. Once those go away and the other banks come online, we're looking a consistent cash machine(nice divedend) while the bank grows and the stock price appreciates.

    Great job Management!

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