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New York Community Bancorp Inc. Message Board

lazy2r 1 post  |  Last Activity: Apr 20, 2016 10:31 AM Member since: Sep 26, 2008
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    Vote YES!

    by igurumo Apr 5, 2016 1:25 PM
    lazy2r lazy2r Apr 20, 2016 10:31 AM Flag

    They took around 750 million charge for debt repositioning last quarter and showed about 40 million in saving because of it in this quarter. It will take them about 20 quarters to recover what was paid for it. With 50% increase (if that's what it is) in float I am not sure how future earnings would look like. I am getting bit frustrated with this acqusition ... I have been holding this stock for more then 7 years now.

    Sentiment: Hold

NYCB
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