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TrustCo Bank Corp. NY Message Board

  • mtoby3 mtoby3 Mar 2, 2007 3:20 PM Flag

    Bought TRST and FNB a few weeks ago

    Advice letter said both good companies. Trst is down from $10.40 but look at fbn/ damm its going through the roof today, on a down day yet too, sure hope trst turns up too. Good luck

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    • TRST IS A FANTASTIC LONG TERM BUY. DON'T WORRY IF IT FLOUNDERS FOR THE NEXT FEW MONTHS. it might drop a litle more, but they will do great in the long run. they got voted the best bank for their size last year for a reason.

    • hey mtoby,

      FNB looks better than TRST. I wouldn't buy (more) TRST until profits improve (TRST had a huge decline in profits last year).

      A common thread is that both stocks pay out a high percentage of the profits in dividends.

      Be wary of your advice letter until it proves itself. Many of the "experts" don't beat index funds.

      • 1 Reply to c_lafong
      • Good point C Lafong> I agree & I study the companies myself after my letter highlights them, no one system always works, thats for sure , but it gets me intrested in companies I have never knew about & so far they have been pretty decent. I got stopped on some trst & only hold half my position, but I think its OK. P.S. also in nov the same letter said to buy RMIX at $6.00 which I did & still holding & still a good buy, Im up almost 38-44% in less then 4 months, also strong possibility of a takeover this summer as well by someone like cemex. Either way its a good solid turnaround company

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