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First Niagara Financial Group Inc. Message Board

  • billsilva45 billsilva45 Nov 14, 2012 11:06 AM Flag

    Painful lesson in investing in stocks

    For those rookies who keep saying what a great buy this stock
    is, I hope you learn something. A stock does not get cut in half
    for no reason. Either earnings are slowing or dropping. Or the
    street has no faith in the management. With FNFG the management
    has proven they are in over their head. The stock price cut in
    half. Dividend cut in half. And my favorite the book value dropped
    big time. How the heck can you say you are growing a company
    when your book value drop so much.
    But as you drop ever closer to, no not a 52 week low but a multi year
    low, keep telling your self what a great company this is.
    When this sits in the $6 range you can tell yourself again what a great
    buy it is.

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FNFG
9.74+0.19(+1.99%)Jun 30 4:00 PMEDT