We don't want to hear about you and your gay lover.
The market is topping and people want a safe place to put their cash. There's very few places to safely get a 5% return and have a good chance at stock growth at current market levels. Of course the hedgefunds and institutions know that and have their bashers trying to shake shares here.
When are people going learn that a takeover may not be the answer. These days the deal is seldom done at more then a 10% to 15 % premium. Think about it, how does that work for those pople who are in this thing at $10 and more???????
Right or wrong the only thing thats going to put some shine to this stock is a total management change. Sometimes when everthing else fails it helps to put some new faces in.
Look at a map and ask yourself if TD Bank wants a growing competitor in it's front yard. FNFG's whole footprint isn't far from Toronto. TD went hog wild buying distressed banks in Florida. They bought GMAC's lending business I believe. And just recently they bought Target's credit card business. If FNFG continues to grow, TD Bank will buy it before Wells Fargo or somebody else steps in. They are running out of low hanging fruit and need to buy stronger regional banks like FNFG.
OR, a FNFG and PBCT combining would become a very strong competitor in the Northeast imo. I think FNFG is more appealing than PBCT to TD Bank because of it's footprint. TD is already strong where PBCT is. So is BAC.