Too much selling going on just two weeks in front of third quarter earnings release. PB has made a lot of acquisitions. Earnings should come in such that ROE is 11% or better. Buy all you can into all this selling.
Sentiment: Strong Buy
Anybody out there reading the PB message board? Today is August 3, 2012. PB closed today at 40.44 on good volume, a few cents short of its 50-day MA of 40.77. With Zalman likely to do a few more M&As in the coming year and organic growth good, PB's price per share should break above its 200-day MA soon. Any comments? Because of the rally today, this message board should have more than a bunch of 3 year old messages. CP.
The company is at a nadir in terms of cash on hand. But I believe those annual losses will start to disappear now that the Hubbard 1-H wells are producing. It will take a while, but if crude oil revenue shows up and ALME's loan sources don't dry up (and I don't think they will), there's nowhere to go from here but up. ALME will get further funding to finally do 2-D surveying on their UK blocks. DavidRyba80.
Normally, a stock trading this quietly is delisted. But this stock can't be delisted. It's already bulletin board. A stock will always be buyable, depending on broker policies on low-priced stocks. The company has not declared bankruptcy, or at least I have not heard of such an event (yet). Therefore, the stock still exists, it's just that there is no trading interest. One of three things: 1) sell and get out, 2) wait until the company declares bankruptcy and lose all your capital (I doubt this because the company is close to break-even, or 3)wait until there is positive news and trading volume picks up (I think this the most likely probability).
Theo- The Yahoo Finance website says NBG will report 3Q earnings Oct. 13, 2010. Do you know if this is correct? If not, do you know when they will report 3Q earnings? Thanks. Clark
Look closer before you come to conclusions. NBG's stock has been up for several days in a row now, albeit on low volume (compared to the 52 week average). What this means is that the big buyers (500,000 shares and more) are gone from the NBG market. Only the little investors are left. However, all these little individual investors are solidly behind the stock. They ARE buying. Later on, when NBG releases 1H earnings, the big buyers will jump back in and then there'll be a pop.
Anybody still read the CARV message board? I see that last quarter was profitable. If the B of D reports another profitable quarter, we may see a resumption of dividend payments. Evidently, New York neighborhood lending is a profitable niche market. The new Neighborhood Financial Center is a confirmation of this concept. Go CARV! Clark
Anybody still reading the CARV message board? I'm just speculating about the future, but I notice that CARV is profitable for the last quarter. If the B of D reports another profitable quarter for the current quarter, we may see a resumption of dividend payments. Evidently, New York neighborhood lending is a profitable niche market. Clark
We're still here. Nothing we could say would get you to change your mind, so why should we say anything? Let's wait until August 27th, then when the cards get shown, let's see who holds the royal flush.
Mr. Winner was the Chairman and C.E.O. before Kamal Abdallah took over in 2008. If your information is accurate and up-to-date, we may now have an accurate address for headquarters of HTOG, and also get some reporting action out of HTOG, not to mention drilling action.
HOORAY, you are back, Theo. I live in the western United States. and I cannot get a full, clear picture of NBG, except through you. You are a one man S.E.C. Please keep up the excellent work and ignore the fools who appear on this message board. And by the way, do you think Papandreou can resist the short-sighted, foolish Greek labor unions and lead Greece back to prosperity? Clark
Because of one simple reason. Yahoo Financial said short interest on March 15th was 2.58 million shares. April 15th it was 8.5 million shares. That will cause one terrific short squeeze in a month or less. Clark
Okay, here is a post. Note that in a recent redetermination PQ's credit facility was set at $100 million by its banks. Only $10 million is being used. $90 million is left. The price of crude on the international market was abut $70 a barrel back in 2009. It's now about $83 a barrel. Since the global economy looks to be in the early stages of a recovery, crude should go up still further. PQ won't have to go to a bank to resume drilling again. All Goodson has to do is give the order to start drilling again, avoid deepwater drilling (the recent BP disaster near New Orleans), and PQ PPS will go up. Look at recent PQ price and volume action on the NYSE.
Thank you very much, playinmachi, for the information about GS and the market. I was wondering why in the world NBG's PPS did not advance in the face of the eurozone's concrete loan support of Greece. Now I understand the whole situation clearly. I note that what you're reporting you qualify as rumor, but it would surely explain a lot of things. Again, thank you very much. Clark
I operate from Yahoo Finance and they don't update frequently enough. Is a guy named Apostolos Tamvakakis Chairman & C.E.O. of NBG, is the office currently vacant, is Pechlivanidis Chairman & C.E.O., or what's going on? Thanks in advance. Clark Petersen