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New York Community Bancorp Inc. Message Board

  • billberggren billberggren May 17, 2004 10:54 PM Flag


    I use to own this great stock no debt, buying back 10 percent a year, a p/e of like 10, then NYB bought it. I figured if NYB was smart enough to buy it, NYB must be smarter. Turns out, no cmpany should sell their company to another. Why sell to a company to lazy to grow from within.

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    • Where was the due diligence when RSLN was purchased, and why were the same mistakes perpetuated on the NYB side? Other posts describe greed but it goes deeper than that. For us who care about the future of the bank I hope the CEO does some real house cleaning and does not reward them with packages that will make all of us cringe.

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