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NBT Bancorp, Inc. Message Board

  • stockieguru stockieguru Mar 2, 2006 10:11 AM Flag

    What's with the water in Upstate NY?

    It must be the water in upstate NY that makes the Board of Directors of NBT and CBU retire the CEO's of both companies and appoint new CEO's. Doesn't the management of both companies know that they are in lousy markets, Upstate NY and North east PA., and that selling the banks is the best decision for shareholders? These two stocks mirror each other. Both are about the same size and are well run. But, the growth potential for these two Companies is weak and the boards of both companies should look to sell the companies and not prolong the agony. A perfect opportunity to sell was missed when the CEO's retired. Both new CEO's are untested. But, Mark is much stronger than Martin.

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    • Look at the 5 year stock price chart and tell me what you see? I see a stock that for 5 years has had no increase in the price of the stock.

    • <<Doesn't the management of both companies know that they are in lousy markets, Upstate NY and North east PA.,...>>

      Actually, they're both good markets. Upstate NY is a less competitive environment which gives both banks superior yields and less interest rate volatility. While NEPA is more competitive, there is a lot of room for upside growth as both banks establish themselves as players in those markets.

      <<...and that selling the banks is the best decision for shareholders?>>

      I'm glad you're not in charge. It wouldn't make any sense to even think about selling either bank until the Fed stabilizes rates or, more practically, starts reducing them. The general sector's out of favor at this time and, as I mentioned in my last post, it makes more sense to be a buyer now then a seller.

      <<Both are about the same size and are well run.>>

      Agreed

      <<...the growth potential for these two Companies is weak and the boards of both companies should look to sell the companies and not prolong the agony.>>

      If you're in agony, sell your shares and get out because you obviously don't understand either the markets or the sector. There's an old saying; "Buy low. Sell high." If you can't understand that, by all means sell your shares. As I'm a buyer I'll be grateful for the added pressure. I thank you in advance for your anticipated cooperation.

      <<A perfect opportunity to sell was missed when the CEO's retired. Both new CEO's are untested. But, Mark is much stronger than Martin.>>

      Duh. Duh, and Duh again. Why would looking to peddle either institution make any sense because the CEO's retired? Both Mark and Marty are experienced and perfectly capable of taking their banks forward nicely.

      Please sell. You're obviously not happy (because you're also clueless). You will be happier and the world will too.

      Your willing buyer,

      Hotty Totty

 
NBTB
23.32+0.07(+0.30%)Jul 22 4:00 PMEDT

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