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People's United Financial Inc. Message Board

  • mbagamers06 mbagamers06 Aug 24, 2010 1:30 PM Flag

    PBCT Trading Less Than NAL

    PBCT is valued less than NAL. PBCT enterprise value is 2.8 billion and NAL is 3 billion.

    It's hard to argue PBCT is worth more than NAL and NAL was just taken out by another bank. Thus, one would derive at either PBCT is undervalued or NAL was purchased for too much money.

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    • Wow...It's interesting that both NAL and PBCT are trading at 85% of book value. The big difference is in their respective earnings: NAL is .58/share while PBCT is .23/share...this despite the fact that PBCT is more than twice the size of NAL in terms of assets. It's amazing how poor management can negatively impact a bank's performance.

      The Board should be taking action but probably won't since all of their stock was given to them at no cost. We shareholders are actually losing money, especially those that bot at the $20 subscription price.

      It's time for PBCT to get acquired and for the acquiring bank to clean out these zombies masquarading as executives and directors at PBCT.

    • It's management that make the difference.

      NAL had a good management team and culture. Nice match with FNFG. Most of PBCT value is tied with it's excess cash and this doesnt create goodwill.

 
PBCT
14.61-0.13(-0.88%)10:23 AMEDT

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