Folks - ONB shares are up today...why are you still selling UBMI? You are giving away money.
I'm buying more - risk/reward here is better than most everything in my portfolio.
Sorry, but you continue proving that you are the moron.
If things are so bad at STI, what the whole market does is irrelevant. If STI were down for any reason, whether the whole market was or not you'd be prancing around claiming how right you were.
The two of you have been wrong for over a year, STI earnings continue higher and the shares continue higher as well. Your posts and arguments are laughable - both of you no more than clowns making yourselves look even more foolish with every post as shares continue higher. You'll be posting the same garbage a year from now when the shares are at $50.
Interest rates are on the way up, spreads will widen, and earnings will continue higher - the coming dividend increase won't hurt things either.
LOL - duh...what are you a 15 year old immature twit? Or a washed up 50 year old #$%$?
Go check arizona_guy's posts over the past year before you arrived - I've been here so I know he is the number one critic of Feltl and any company they bring public. You continue proving you have absolutely no idea what you're talking about, and you only have maybe two other sheep/pumpers left losing money with you.
You find where I said I shorted at any price and I will leave with absolutely no question or hesitation. Go ahead - find a post. You have no idea what you are talking about with every post/point you attempt to make.
If ONB moves 10 cents, UBMI should move in the same direction 7 cents.
If ONB drops by a penny, there's no reason for UBMI to fall by 8 pennies.
Whoever you are, granted, you have a really nice gain if you purchased shares at any time in the past 3 or 4 years. However, there's really no need to leave money on the table at this time - you're giving up at least 5% to just wait for the deal to close in a couple months. Further, if you're selling now, as you know, you're going to have to deal with the wide spread and possibly accept even less.
If you do sell, there are folks who will take the shares and happily take the money you're leaving on the table for the quick gain.
Additionally, it's probably to your benefit to take the ONB shares and become an ONB shareholder. The banking sector will continue to be strong over the next few years, interest rates will have to go up at some point, widening the spread, and bank earnings will continue going up. ONB seems to be as good as any, on a growth path, and a good place to be invested in the sector.
I've got more than enough UBMI so won't be buying more here, but seriously folks, for as long as you've held your UBMI, why give away an additional 5% for holding a couple more months (probably 20% or more effective annual rate)?
Have a little more patience.
Also, considering UBMI's footprint compared to ONB, because this is an expansion with very little georgraphical overlap I'm guessing that there really should be that many layoffs as far as folks who are customer-facing in the branches. More likely, once the merger/integration is complete, there will be more backoffice folks let go.
Should UBMI shareholders really care?
We're going to be ONB shareholders soon - a bigger/stronger institution with trading volume of about 500,000 a day. Therefore, trying to buy or sell 1000 shares won't make you pay through the nose or or take a haircut. On top of that, ONB pays a respectable dividend and is obviously growing.
This is a great deal for shareholders - over 100% premium of where the shares were trading a few months ago.
Layoffs for rank and file employees is a given in any merger. It's sad, but that's how this sector operates - smaller banks are gobbled up by bigger banks, they cut people and costs, grow earnings, and grow bigger - until they get bought out.
Do you see anything negative for shareholders? I don't.
No, sales will not increase dramatically - you are proving you do not understand the company, product, or business.
Sales will be flat year over year at best.
Your post shows that you are now a desperate bagholder. All of your pumping at higher prices has failed. Where have all of your friends gone? Seems kind of quiet here now - doesn't it?
Price target = $1.30