Tue, Jan 27, 2015, 3:34 PM EST - U.S. Markets close in 26 mins.

Recent

% | $
Quotes you view appear here for quick access.

Hudson City Bancorp, Inc. Message Board

  • MRBONE2000 MRBONE2000 Mar 28, 2011 4:27 PM Flag

    Taking a $1.30 hit on earnings due to

    "transactions." Breaking news.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Okay 2 at $13 (for some reason MS didn't show up on Bloomberg) and 9 at between $9 and $11.

      HCBK isn't going to get the benefit of the same pricing as the rest of the industry until they can prove they're out of the woods, which will probably take a year.

      Just my opinion.

    • Who isn't expecting a dividend cut? Who thought HCBK would continue to pay 6% when the rest of the market is less than half that? At this point, an announced dividend cut will provide certainty and may result in the stock price going up!

      Note that other bank stocks are paying a divendend of 0 - 3%...most closer to zero. In today's economic environment, 3% is a very respectable div.

      If they lower the quarterly div from 15 cents to 10 cents (40 cents per year), at 3% this puts the stock value at $13.33 per share.

      Morgan Stanley today lowered their price target for HCBK from $14 to $13.

      To me, at $10 per share, the risk/reward for HCBK is $1 down versus $3 up...not a sure thing, but a good bet.

    • Other bank stocks are paying a divendend of 0 - 3%...most closer to zero. In today's economic environment, 3% is a very respectable div. At 3%, a 40 cent annual div puts the stock value at $13.33 per share.

      Morgan Stanley today lowered their price target for HCBK from $14 to $13.

      Who isn't expecting a dividend cut? Who thought HCBK would continue to pay 6% when the rest of the market is less than half that?

      To me, at $10 per share, the risk/reward for HCBK is $1 down versus $3 up...not a sure thing, but a good bet.

    • Not to worry, boiler my friend. Will YOU and/or your "team" be attending as well? Word has it the hotel at which the meeting will be held will need a few extra Men's Room attendants for that day...

      Back to "Ignore" you go...

    • first, you don't know that all of the bad news is out of the way. This is a step but they didn't say that they're done (hopefully they are).

      second, one analyst, Barclays, has a $13 target, the rest are $9 - $11. But that's before a dividend cut.

      Given the current state of HCBK I'm guessing they'll be priced to yield around 6% on their divvy, so at $0.40 that puts you in the $6 - $7 range.

    • YOSE, where do you get that a 40 cents annual dividend equates to a stock value of $6 to $7. BAC has an annual dividend of only 4 cents, and it's stock price is over $13. Using this metric, HCBK's dividend of 40 cents means HCBK should be $130 per share. Yes, this is ridiculous, but no more so than your claim that HCBK should be below $7.

      Wall Street hates uncertainty more than anything. With this "bad news" out of the way, HCBK will quickly bounce back to $11...then climb back to mid teens this summer. Even the analysts lowered price targets are calling for HCBK to be $13ish...better than 30% return from current price.

      Financials are temporarily out of favor, but this too shall pass. HCBK is probably the safest financial stock to own...and a potential takeover target.

      I'm buying the dips.

    • I have a few questions about this.

      1) Why didn't they restructure debt before they got to this point? Why are they waiting until they get a letter from OTS before they start borrowing at lower interest rates?

      2) If they are "prudent" and "conservative" why are they paying such a high dividend?

      3) Why did they get into this mess and what are their plans going forward?

      I was actually waiting for them to cut/cancel dividends, but with the announcement today and the less than 2% drop, this news seems to have been expected. There may however be a lot of unsophisticated investors sticking around for that dividend and once that dividend gets cut I may buy. But I am not too pleased with management, not too pleased at all, so that would make this "cigar butt" investing. Better to buy stock in a bank that has management that knows what they are doing and don't cave to paying a high dividend they can't afford.

    • boiler_room_bermuda boiler_room_bermuda Mar 29, 2011 12:55 PM Flag

      Will CNBC be covering the bagholders meeting?

      CNBC and Cramer went to great lengths to trumpet this thing.

      Gold coast isn't do gold, eh chumps ?

    • I hope for your sake this guy's guess is better than mine ($.03), tiglet. I've seen other estimates of anywhere from $.05 to $.12 as the new quarterly dividend rate. I'm just basing my estimate on how "conservative" and "prudent" the management here is. They won't want to go through a series of dividend cuts, so they may just go for one large one.

      I live in Pennsylvania, so I'm going to drive up to Park Ridge, NJ for this year's Annual Meeting. Good ol' Ron better bring his tap shoes with him....

    • Okay, hear you...crawl off and die pr*ck

    • View More Messages
 
HCBK
9.28-0.03(-0.32%)3:33 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.