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TrustCo Bank Corp. NY Message Board

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  • mikemclaug Jul 16, 2011 8:47 PM Flag


    NO 3s- revenues/earnings are steady- div is decent and appears like it will be raised very slowly; current stock price should hold up just fine.

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    • hey mike,

      Please recheck your facts.

      You say "revenues/earnings are steady- div is decent and appears like it will be raised very slowly."

      Revenues and profits have been on the skids since 2005. The dividend was slashed twice. TRST just did a stock offering that will dilute the profits per share and make it harder to sustain the dividend.

      TRST management is inept, greedy, and unethical.

      My advice to you is to buy ETFs for dividends. VIG and DVY are good ones. For yield I like PFF.

      I see no reason to buy TRST.

      Good Luck.

    • you need to wake sound like the bag holders from the 2009-2010 when i predicted 5's and they sent death threats ,,,dividend will be cut...wait and see...ive been short this pos since 04 and no stopping us now...3's baked in

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