It is very surprising to see NYCB to be net up in this down market . Could they be in the process of an accretive acquisition?
It's all about the sentiment and the sentiment right now is that the Regional's are the place to be. Of course that could all change next week, but we are getting a great return and I feel very good my investment in this stock.
Officers said they would NOT buy UNLESS it was accretive Been working on ALLY for 5 months it is rumored
An acquistion would just send the price down even more. We have limited the damage so far, but every stock will do down in this downturn. At least we get a great dividend!
Right now the rumors are focused on VLY. VLY did trade 800,000 plus shares in the AFTER MARKET Friday.