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TrustCo Bank Corp. NY Message Board

  • letitgrowknows letitgrowknows Feb 25, 2011 9:09 AM Flag

    TRST Need to Raise the Divy back to .60 cent

    They can afford too!

    Expansion is done!

    Start giving that 15% Stock Split too!

    Like the Old Days!

    Back too Year 2000 and Before...

    Come on Bob Jr

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    • Albany, your right. $3.3 bv. I went and looked up Arrow Financials BV it was 13.95 and stock price is 24.95. at that ratio trst is equally valued (notice I didnt say fairly valued). Looks like trst was asleep at the switch compared to Arrow. They are a smaller player in the market.

      Went and looked up JPM also, BV 43 stock price is 46. Owned them during the hard times. Now it time for the price to rise. Conditions are good. This should be a 60$ stock.Dividend to be restored soon. And they got 2 companies for pennies, WAMU and Bear Sterns. Jaime cherry picked and got the feds help.

      • 2 Replies to retailguy2
      • hey retailguy,

        Book value has always been around 3 bucks for TRST. Albanymoronlookingfoolish must still be harping on this. Five years ago he predicted that TRST stock was going to $3 and then to zero because of book value at 3.

        If TRST stopped paying out most of the profits in dividends, then book value would shoot up. Ignore book value.

        The most important things to watch are revenues and profits. The TRST price decline pretty much followed the collapse in profits. Profits were down from 2006 thru 2009. Last year, the year over year profits increased by a penny or two. Let’s see what Q1 brings.

        IMHO old bob is toasted. He is the one who said Internet banking was a waste of money, Florida was the place to be, put junior in charge, and botched the Balston Spa fiasco. The best thing for the shareholders would be for old bob to retire or assume room temperature. It seems like some of the people surrounding junior are competent.

      • keep checking that stat and you will find a few banks trading BELOW book....but i still wouldnt own any american banks...if you want a divy...try looking elsewhere...many oil companies paying 6-8 %...or tobacco..they pay higher too

    • Lets take a big picture overview. I equate trust with Libya. In Libya you got a bunch of guys who think they own the country, they can do what they what, they got a bunch of cabinet ministers who agree to what the leader says, How dare anyone try to force them from office,and they are accountable to nobody. Do you see any similarities.

      In order for wall street to give a higher value to the stock, you got to show some results. Under 10$, the market has written it off. It would not matter if they raised the dividend, all they got to do is show significantly higher profits. Since Cush is stuffing the loss reserves to cover all the bad loans that were made, no dinero.
      Question is can bob Jr run it without the old man, IF yes the consultant fee is unwarranted, if no, you got to keep the old guy on life support.

      I think another bank should make an offer to acquire trust. ON a good day with the wind blowing, and you step in something soft, you might get 10. According to Albany the BV is 3 bucks. So 10$ buyout is a real stretch.

      Wait till Como wacks the state payrolls. NY will be like Florida, a disaster.

      • 1 Reply to retailguy2
      • all you have to do is click on key stats on the left side of yahoo page and scroll down halfway to see book value...at one time other banks paid 1 1/2 - 2 times book value but no more...they all got burned using that formula...with all of trsty's defaults in the credit card business as well as mortgage defaults i doubt they will fetch 3.00...very bad coming in 2011...wait and see

    • hey letitdie...howz that big 6.98 purchase going for ya big boy?...had to be a hero huh...hahahahahahahahahahahahahahahahahahahahahahaha....forget a divy increase...watch for elimination in 2011

    • Please explain how TRST will pay a 60 cent dividend when the profits are 32 cents.

 
TRST
5.48-0.06(-1.08%)11:58 AMEST