What's the story with NVSL and the second step of its conversion?Is this thrift positioning itself to be taken over?
NVSL is a good bank with good people working for them. That said, its hard to pony up $8/share for this offering when the stock is selling for $7.68 on the open market. Paying $10/share during the IPO 7 years ago is still a painful memory...
Why do I get the feeling that watching at trade at 8 1/2 after not subscribing will be just as painful. I don't get it. This was trading at 5 not so long ago. My subscription form will be shredded.
taken over? your joking, their struggling, why participate in the 2nd offering at $8 when you can get it for $6Just My Opinion
"taken over? your joking,"No. Just asking a question. Existence for small banks is getting tougher and tougher, especially in towns like Naugatuck, which have lost important elements of their local economies.New Alliance was cobbled together from several banks and then sold. It's an old story.Meanwhile, the absolute number of banks operating in CT is declining, but the total number of branches is holding steady, if not climbing.There are way too many bank headquarters and way too many bank CEOs, etc. There are at least two unnecessary bank headquarters and bank CEOs in Naugatuck.
bank went commercial loan happy ? lots of commercial loans on books/ so far doing ok...insider buying very little of new stock at low price to book why are they not ponie up more $$$$they need funds for those loans...equity is so so low teens ...whereas the fox had nice equity and has done ok...not a clear winner here sinejocsinejoc