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United Financial Bancorp, Inc. Message Board

  • onequickbuck onequickbuck Sep 8, 2005 10:13 AM Flag

    be carefull

    I am from western MA. and I can tell you from experience that this one my be an investment you should pass on. They are a great bank to have a relationship with but from what I know as fact, there is a certain loan officer in the westspringfield location that is not very trustworthy and holding bad paper and protecting it. I think its about who you know in this town. So be carefull, If you got in for the insiders price of 10 sell and make 15% and call it a day. I think we see this one at 7 before the end of the year. Do your own d&d, this is JMHO

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    • Hey, quickbuck.
      Say, what???
      What do you mean holding bad paper? Personally, or tied to the bank?
      And how do you say you're from WMass but your profile says NY?
      And why should I believe a poster who can't even spell "careful?"
      While this issue may drift lower on VERY THIN volume, there is NO REASON in the world for it to drop to $7 as you predict. There are much shakier publicly-traded banks that don't seem to go below $9.50. UBNK is well-run, profitable and growing. A good takeover prospect as well; I believe that is how management is positioning United. Long term, I think this will be a very good investment. Short term; who knows?

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