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Union Planters Corp. (UPC) Message Board

  • sebanks sebanks May 7, 1998 1:16 PM Flag

    Would someone please

    drive by the headquarters of UPC and see if there is a sign on the door stating "OUT OF ORDER"!

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    • I don't think the stock will do much until the
      market is convinced that the Magna deal will be
      accretive. UP has admitted that Magna will be initially
      dillutive. I guess the time frame involved will not work for
      most investment portfolio managers. Same thing
      happened when Sunburst acquisition was announced in 94.
      Magna will be closed in July. Will probably be fourth
      quarter before numbers begin to pull strong. Market may
      recognize this earlier. Just an opinion but I've got my
      money where my mouth is. Magna was only earning around
      12% on equity. UP should get this up significantly
      pretty quick.