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New York Community Bancorp Inc. Message Board

koleffstephan 5 posts  |  Last Activity: 16 hours ago Member since: Feb 4, 2005
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  • Reply to

    Conference Call of 8-26-14

    by koleffstephan 17 hours ago
    koleffstephan koleffstephan 16 hours ago Flag

    forager3215:
    THank you for giving me a preview of what to expect. It sounds like dividend coverage and First Tower poor results and ability to obtain ongoing high dividend portfolio companies are the concerns.

  • I did not get a chance to listen "live" to today's conference call (might be still going on at I type this message) and I am asking if any message poster did, in fact, have a chance to listen to today's conference call and would be willing to post a message as to what they feel were/are the pertinent questions that were posed to management today and what their response (answers) were to the questions, it would be much appreciated.

  • Reply to

    Class action

    by dguiney2001 Jun 10, 2014 4:41 PM
    koleffstephan koleffstephan Jun 10, 2014 4:56 PM Flag

    I certainly hope so!

  • Reply to

    Insider Purchases

    by schieboutz Jun 5, 2014 10:50 PM
    koleffstephan koleffstephan Jun 6, 2014 6:18 AM Flag

    schieboutz: No insider can purchase PSEC stock during this period of time that they are waiting for a decision from the SEC accounting. A few weeks ago, I called the Investor Relations Department of Prospect to express my opinion that if the insiders began purchasing their own company stock (PSEC) at these prices below NAV it would send a nice, favorable "message" to the investor community about management's confidence in the company and it's stock. The Investor Relations manager informed me that they were/are prohibited from purchasing any PSEC stock until an ultimate decision is made. Along those lines - if you listened or read the earnings call transcript - the company is also not issuing any more stock until an ultimate decision about the accounting is determined. Hope this helps.

  • Reply to

    There is more to the story

    by turfstarr Jun 4, 2014 10:50 AM
    koleffstephan koleffstephan Jun 4, 2014 11:33 AM Flag

    I think that "nervousness" is a legitimate adjective to describe an investor's perception of the PSEC accounting dispute. However, I don't believe that the reason for the nervousness should not be for reasons that the individual investor is concerned about accounting shenanigans or fraud. I think the nervousness should be because the investor is concerned about the shrinking stock price and therefore, PSEC' lack of ability in issuing shares accretive to earnings as well as it's lack of ability to issue more shares to generate income for further investments until the accounting issue gets resolved.

NYCB
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