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People's United Financial Inc. Message Board

  • bugarloaf bugarloaf Mar 23, 2011 3:56 PM Flag


    Bought shares prior to the closing of the last round of takeovers . Unfortunately on the rally to above 14.00 I did not sell. The stock is at the same level and I am toying with adding to existing position. Lower visibility and relatively narrow ownership gives the stock a higher beta which I hope explains the vast underperformance since the latest announced deal. The board and management neeed improvement and are overpaid but I think money can be made from these levels, They lack the ability to not over pay for their deals.

16.09+0.16(+1.04%)Oct 21 4:00 PMEDT