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People's United Financial Inc. Message Board

  • alkotwo alkotwo Oct 11, 1998 4:20 PM Flag

    book value

    at $20 whats book value taking into account the stock held in trust? At this price yield looks good. Is the dividend safe and what % of earnings is the payout?

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    • relax--safe and sound--forget abt book
      value...tough calculation but not material since the full
      conversion wont take place for quite a while. enjoy the
      yield and watch the stock rise with time. maybe 2 down,
      30 up over next 3 years. put the stock away, into
      your deepest drawer...dont even think about selling

      • 1 Reply to sirius4vega
      • PBCT took a hit Thursday as all credit cards
        companies did. Bank One(First USA) down 26%. Long Term
        Capital Credit is throwing the market for a loop. Junk
        bond market, commercial loan securitization and credit
        card portfolio securitization are all but dead right
        now. This is not nearly as big a deal for PBCT as
        other large credit card companies. PBCT can easily
        afford to keep these on their books. This is a well-
        diversified financial services co. and short of a depression
        coming, this price is cheap.

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