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People's United Financial Inc. Message Board

  • stoner42411 stoner42411 Nov 16, 2012 12:03 PM Flag

    To the board, Thanks for the divi, now what??

    I've been long for decades for better or worse. And I am the first to admit I'm no financial genius. But it seems to me that this banks geographic position and overall financials show a safer, stronger bank then our stock price reflects, now and for the last few years. It has always been a safe conservative bank but it seems to have lost direction at the top,since the death of Mr. Klien and subsequent hiring and costly removal of Mr. Phillip Sherringham, and it continues today. The board is more concerned with lavishing themselves with unneeded Percs. than increasing market confidence in our future. Does this board have any confidence in this stock and the shareholders? In march our leader John Barnes purchased 8K shares@12.54 and there was a headline about that, I thought that was maybe the beginning of our slow march forward, then at the end of April and again beginning of May board members Franklin and Carter sold a combined 24,750 shares at an avg. of 12.41. Way to go, take all the the air out of the sails and announce to the financial community your total lack of cohesion as a board, and lack of confidence in the stock. I could list many other bad decisions since 2007, but it is what it is and all I can do is hope the drivers wake up and drive us to where we should be.

    Sentiment: Buy

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