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First Niagara Financial Group Inc. Message Board

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  • m_icon11 m_icon11 Jun 19, 2012 11:07 AM Flag

    You guys do realize

    I'm with you man. but in their conference call they gave a 18-24 months time range to rebuild capital then will be reinstating dividend raises and share buyback. hopefully the div comes first but thats just me. So as retail investors like ourselves should be accumulating now till they make those changes. They will also have multiple good quarters in the mean tim, not saying they wont have a few misses as well.

    Suppose they get their Div back to pre HSBC levels = $.64

    using a simple dividend discount model to evaluate the stock price and I'll choose a interest rate of 3.5% (Low!!!) =>

    (.64)/.035 = $18.28 and that is just taking the Present value of all future dividends

    or 5% => (.64)/.05 = $12.80

    My advice here is just avg down with the div that they pay you on all europe generated BS headlines and wait till they recapitalize and things 'should' be great for all.

    Also there has been a few Big buys in after mkt. i saw a 2.5 million share buy
    just saying.!!! someone believes at least

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