Banks battered ? Are you kidding ? J.P. Morgan is up 25% this year. Bank of America is up 80%. Banks have had a good year at long last. Very bad sign for FNFG and its underperforming management and board. This is not going to end well.
I agree with you Sky.
Strong financials,a good dividend, and if the bank adds just a couple of good quarters (and ups the dividend just a little bit),I think this will take off well.
The sp is abou tas low as the sp will go imo.
I believe the financial cliff dilemma will be resolved by the 2nd week of December FNFG will be back over $9 I think now is a good time to buy any stock that was pushed way down in the last few weeks by the shorts.
This stock was not pushed way down by shorts or for any other reason than management and board have different objectives than shareholders. Look at the five year chart and tell me the problem of stock value is due to outside forces.
the fiscal cliff dilemma" as you call it is not a problem that will be fixed easily. Any compromise will still mean higher taxes and spending cuts which will hurt our economy and stock market. Our country is on the verge of being insolvent and we can not even get a deal done except for some last minute damage control. We owe 16 Trilln and growng by $1.3 Trillion a year plus....we are in deep trouble and keep extending solutions down the rad becasue theywill be painful and difficut