Fri, Nov 28, 2014, 12:15 PM EST - U.S. Markets close early today in 45 mins. for The day after Thanksgiving

Recent

% | $
Quotes you view appear here for quick access.

TrustCo Bank Corp. NY Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • retailguy2 retailguy2 Feb 26, 2011 9:08 PM Flag

    TRST Need to Raise the Divy back to .60 cent

    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.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • 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

 
TRST
6.95-0.03(-0.43%)12:14 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.