First Niagara Financial Board better look at satisfying shareholders instead of stuffing their pockets.
When you go public at $10 and are still under $9 while you keep giving perks to insiders its time to get the share value back. I am long FNFG. I continue to see promotions given but a lackluster share valuation while others are much higher.
I bought at $10 in 1998 when it was Lockport Savings Bank. Maybe you don't realize there was a roughly 5 for 2 stock split some years ago, actually, slightly better, so I have more than two and a half times more shares then in 1998. I, as many, have been very disappointed in the stock the last two years. I almost bought 50% more shares when it got down to $7.30 but backed out at the last minute.
I can only hope going forward they have a good solid earnings report or give back to shareholders raising dividends. I got tired of seeing promotions. Insiders get the perks. We need to see some news that will get Wall Streets attention or analysts making a call for a Strong Buy. I don't know much about the history but had a friend that lived in a small town there who bought at IPO. He said the dividend was good so I bought and they cut it down! After a year or so I am still below my cost. I have little patience and broke.
Insiders continue to buy shares. Someone thinks FNFG will get bought up? just a rumor of course. Banks are coming into favor as on this mornings Squawk Box. We need to see earnings. I need to make some money and hope they do it for me. I originally bought for dividends but they cut them right after.