Has anyone gone to their local bank brach office lately?
If you have may be you notice that they are amost empty. Gone are the days of long lines. Technology has replace the need for many of these locations. Citi recently made major cuts, all in the area of retail banking.
Now, you have FNFG. All kinds of talk as to why the stock is so low. Wall Steet is not picking on the stock, it's not personal. The management of FNFG chose to over pay for branches that may no longer be needed.
After all this time the stock is still down, it's not the shorts, not Wall Street, its's the management.
The past is the past. The merger has been fully paid for by shareholders via price adjustment. fnfg will deliver in 2013 and increase dividend. Price will follow. Stop looking in the rear view mirror, the market looks ahead, not backward. The bleeding stops in 2012. The rewards begin in 2013. trust me.