Analyst on CNBC said Peoples in Ct. looks like a good play for 11.
It looks to me as if the only thing that will get PBCT moving is a takeover offer from a bigger player. That's about the only reason I can see for buying any of the regional banks.
read post 1/23/10 wrong subject corrected
Cramer says "PBCT going nowhere fast" Dead money $$$ IPO in 05' was $22..LMFAO !!!!!
Cramer is not the smartest man in the world but talks a good talk, for most people that's enough. This stock has been, and will be, a long term hold.
FYI,,,,,CRAMER rated it a buy last nite!
Cramer said---PBCT hadnt went anywhere since he recommended it in his book but now he is thinking he was right and he gave it the BULLS so be patient--S & P has it at a strong buy going to $20 stay long friends!!
LOL, I hope he didn't mean 11 as the stock price!!
Then it must be true.
I would expect bad results this Q, but First federal and further depleation of loan losses will make for a good, very good year.I think it will double.
Be very careful about advise from cnbc.