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People's United Financial Inc. Message Board

  • leo.lucy1 leo.lucy1 Apr 11, 2011 10:20 AM Flag

    I hear Financial federal has it's troubles

    I have heard the bank is dissapointed with it's purchase of FIF. Any truth?

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    • iwontfollowyouradvice iwontfollowyouradvice Apr 11, 2011 12:36 PM Flag

      From where did you hear? They dont provide any details or speak one word of individual components profitability.

      I can imagine though that things for FIF have not picked up that much as of yet, was hoping for a 50 billion construction stimulus from the gov for new roads ect. that never went through.

      Other similar companies MTW ect have moved greatly in price on future earnings hopes, but have not shown much as of yet.

      I believe it will pick up and when it does PBCT will have great earnings. Dont forget this stock was not broke or on its last leg when PBCT took it over, so I believe it will rebound with the economy.

      slowly but surely

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