People's United Financial Inc. Message Board
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I Smell Something Big
The recent strength in PBCT is beginning to give me a sense that something big might be in the works. This looks like a lot more than a dividend play or anticipation of better earnings. A move to 15 or higher would be a strong signal that a takeover (or some other major) announcement might finally become a reality, IMHO. Never give up hope.
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Then you should change your shirt and your underwear. Have some consideration for others.
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If hope is not an investment strategy, then maybe smell will work.
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The value to this stock is that every bank needs to have a presence in the Northeast since it is one of top financial markets in the country. There are only two or three options of any size. PBCT has a good franchise but need a strategic alliance or merger to unlock the value. They will not earn enough on its own to increase maximum shareholder value.
- 2 Replies to papalobes
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With the HCBK announcement today, I'm surprised that PBCT didn't attract any buying interest. It'll be interesting to see if there's a delayed reaction in the next few days. It doesn't appear that there's any takeover premium built into this stock, so I have to conclude that there's absolutely no expectation of any combination in the foreseeable future.
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They have shown they do not have the lending machinery to put all that cash to work, it is being wasted so they figured might as well pay it out in divies. Pathetic.
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The stock just tanked..allegedly on over-trading in EFT's.. from an article on yahoo boards..this might..might be a good time to buy and wait for the crawl back to $12.25. Seriously, this is a dog with fleas, and the bank needs to be bought up by a big fish not present in the mid/upper Hudson valley region..hello citibank you reading this?
- 1 Reply to junkmailstone
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Citi can't buy it, they already have too many deposits, regulators won't let them, but you are right of course, please won't SOMEONE buy this dog and take it home from the pound?
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That is the stink coming off this stock's dead carcass.
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Perhaps your olfactory senses are merely confirming that you have been hoist by your own petard.
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