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First Niagara Financial Group Inc. Message Board

  • goldstocks goldstocks Feb 3, 2013 11:40 PM Flag

    Seeking Alpha Article DOUBLE SHAREPRICE for First Niagara! Wow!

    Looks like FNFG is getting a lot of attention from the "Big Boys" on the Street

    Article quote:

    If one believes that FNFG will successfully manage the post-merger period, a return to earnings growth could see FNFG earn a much higher, more reasonable multiple. At a Price/Book ratio of 1, the stock would nearly double, and at 10x 2013 earnings, the stock would be worth 66% more. Like Hancock, the merger discount adds risk now but the possibility of great reward if First Niagara gets it right. Analysts seem pretty confident that they will.

    Sentiment: Strong Buy

 
FNFG
9.32+0.01(+0.11%)Feb 9 3:59 PMEST