Maybe one of these days we will say goodbye to the 12s and 13s....maybe
I think it will go higher gradually, going to take the market time to realize value
Tangible book value for NYB is only $ 7 per share so I can not see getting above $ 14 in near future unless they find a way to increase EPS.As far as acquisition I am not sure what the implication of this low book value would be. Can they take on more goodwill ? Issue stock ?I am long.
I was under the impression that they had tons of cash but maybe it is restricted as reserves????
Not a barn burner but I sleep OK with this one; nice dividend with great management.Still a lot of bargains in Florida for NYB to buy on the cheap.