New to FMER with 3,500 shares and a $9.25 cost base, I did very well with CRBC. I'm liking the .64 Div (yielding 6.9% for my cost). But, why should I stay outside of the Div? What does the future hold for FMER? $20-$25-$30 a share?
As a former CRBC stock holder, I am not too happy. The stock was sold too cheap and the stockholders got taken for a ride. The only good thing is the dividend of FMER. I had a lot more value last week with CRBC than I do today. I can only hope the FMER starts to do something positive - like the stock price go up. The Board of the old CRBC should be ashamed of themselves. I would bet that that they took came of themselves. Why else would they have given Citizens away.
Your situation is almost the same as me ; in fact I had no idea about this switch to FMER until I looked at my Scottrade account tonight ; what is FMER anyways ? hate to sound dumb but can someone educate us CRBC people ? thanks
From an investor perspective I think the FMER CEO is alligned with the shareholders as he has been known to walk over anyone and everyone to squeek out a penny of earnings. From a leadership perspective I think he will never compete with the larger banks in terms of talent as Mr. Greig's MO is known in the marketplace as running a comany where you would rather not work. The upside is for the company to sell and now that they are a complete Midwestern bank with $25B in assets I think that is a legitimate possibility.