I am certain that you all heard that "falling in love"with a stock,any stock,does not make any sense.The market could care less and ultimately you could end up paying a high price. This seems to be the case with this stock.
Strong balance sheet Solid franchise Good dividend Northeast No TARP And on, and on,and on.Endless justifications.The reality!!If you invested in this Company you are LOOSING money,period. In answer to my TWO responders (my post of 20 JAN,12) The question should be WHAT IS MNGT&BOARD DOING TO BUILT SHARE HOLDER VALUE???? I agree the downside risk is limited (we still have not lost all our money) on the upside the employes are making out,they have a job,but Mngt&Board should go,they have lost sight of who a PUBLIC company is responsible to and are now treating this bank as their PRIVATE ATM machine. If you have any doubts about this....how long,do you believe, can a stock trade below $20 a share (5 years and counting)and not be considered a bad investment? The answer is a very long time,Eastman Kodak comes to mind.Finally they went bankrupt. I,as shareholder,call for the removal of the super idiots running this company,but I am afraid it's too late.Chances of preserving capital or actually making a profit are very slim to none,as for the people that claim if we bought 20 years ago we be doing OK-they are right we would be picking up some crumbs off the floor,the thing is,as shareholders we should have a sit at the table. There is no such thing as a good stock unless it goes up in price. I would suggest that "THE BANK"should make the increase in stock price their most fervent priority otherwise they are headed the way of mediocrity at best.