Fellow Shareholders: Any long term holders of TRST have been thrown under the bus by management. What is amazing is the way they did it. It was not done covertly!!! They told us they were going to drive the share price down to around $4.60(below that now) and the long term bag holders(aka shareholders) sat there and did not revolt!!! Well, now is the time to at least call headquarters and speak to "investor relations" I have been in the market for 30 years and have been hoodwinked by the likes of ENRON ,Worldcom etc. but at least those crooks tried to deceive me-they didn't announce that I was going to get raped!!! Either this is the greatest buying opportunity of all time(I must admit I bought more on Monday at $4.66) or I deserve all that is coming to me. What is disheartening is that Sandy Family, a financial advisor that I respect, has talked positive about TRST for years. Does he not look hard at the internals of a company before touting it? If he is supposed to be a more savvy investor that us mere peons, what does this say about the financial advisor industry as a whole?
Did you know that Sandy Family and Trustco CEO Rob McCormick are business partners? They are two of the six owners of Albany radio station WGDJ. Earlier this week I heard Sandy Family talking with the morning host Paul VanDenburgh(another owner) on WGDJ. He referred to Rob McCormick calling him "Robbie" noting that the three of them all go to the same barber.
I have no idea why you have respect for Sandy Family. You must see something that I do not.
TalkingMouth: you must be discussing the 'imaginary' AlbanyLittlDick newsletter.
I requested a sample copy and received some gay porn literature.
I was amazed to see what 2 men could accomplish with some mechanical help!
poopy you are too cheap to spend for wisdom and investing advise...go short this pig and reap rewards....i have over 4450 happy subscribers and growing weekly....only 399.00 annually....go short and follow success////wait and see
Fire your financial manager, and do things yourself. It's not hard.
You can keep investments simple and sound with a few ETFs.
As to confronting management, it can't be done by small investors. This is especially true with small stocks like TRST, which is run like a family business. The bobs use TRST as their personal piggy bank.
Your best option is to sell and buy something else.
I am my financial manager!!! I actually have been very successful buying good stocks on bad news with the few exceptions that I mentioned(Worldcom, Enron). This week I have been buying WS. The yield is above 4.25% and garbage is recession proof!!!! I also recently bought PBI and RRD for the yields. They are old line, boring companies but keep the cash coming. I do think tHAT TRST IS A good deal at this price and yield. TEVA is also looking very attractive at 42. I DON'T LIKE ETFS . I have a lot of Vanguard mutual funds, mostly in fixed income. I prefer to pick my own stocks.