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First Niagara Financial Group Inc. Message Board

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  • m_icon11 m_icon11 Aug 11, 2012 9:12 AM Flag

    Institutions Accumulating Shares Owning 72%

    we need to break $8.22 ish decisively. previous low that just got trounced to $7.12
    and archiroo posted that there is relatively little resistance from there to
    $9.50 ish range. i kinda agree but i'm no technical wizard so time will tell.

    as for the longer term. discount the $1.03 (mgmt reiterated this price in Q2 call or the MBS sale report a week or 2 prior) 2013 earnings by $.13 and this is a stock that pays approx 4% yield and trading @ 9x forward earnings.
    Dirt cheap and paid to wait.
    I think cheap but the majority here call it dirt.
    the future will decide but people insist the past tells the story and that isnt how the market works.

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